38. Distribution of unsold assets.
(1) The liquidator may, after approval of the committee andInserted vide Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations, 2026 dated 01.06.2026. To view the notification, Click Here with the permission of the Adjudicating Authority, distribute amongst the stakeholders, an asset that could not be sold, assigned or transferredSubstituted vide the IBBI (Liquidation Process) (Fourth Amendment) Regulations, 2020 dated 13.11.2020. To view the notification,Click Here cannot be readily or advantageously sold due to its peculiar nature or other special circumstances.
(2) The application seeking permission of the Adjudicating Authority under sub-regulation (1) shall-
(a) identify the asset;
(b) provide a value of the asset;
(c) detail the efforts made to sell the asset, if any; and
(d) provide reasons for such distribution.