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TENDER DOCUMENT FOR SALE OF ASSETS OF M/s. AUCIL HOSPITALITY LTD. (MORTGAGOR) AS SECURITY TO THE CORPORATE LOAN OF RS.150.00 CRORE AVAILED BY M/s. ASIAN Color COATED SPAT LTD. THROUGH AUCTION, Located

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How to fill out sale of secured asset

01

Identify the secured asset that needs to be sold.

02

Obtain any necessary documentation related to the sale, such as the loan agreement and any relevant paperwork.

03

Determine the fair market value of the secured asset.

04

Advertise the sale of the secured asset to potential buyers.

05

Arrange for the transfer of ownership once a buyer is found.

06

Ensure that all legal requirements are met in the sale process.

Who needs sale of secured asset?

01

Banks or financial institutions that have provided a loan secured by an asset

02

Individuals who have borrowed money and have used their assets as collateral

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What is sale of secured asset?

Sale of secured asset refers to the process of selling an asset that has been used as collateral for a loan or debt in order to recover the outstanding balance. The proceeds from the sale are used to pay off the debt.

Who is required to file sale of secured asset?

The lender or the party that is in possession of the secured asset is required to file the sale of secured asset.

How to fill out sale of secured asset?

To fill out the sale of secured asset, the party selling the asset must provide information about the asset, the sale price, the outstanding debt, and any other relevant details.

What is the purpose of sale of secured asset?

The purpose of sale of secured asset is to recover the outstanding debt by selling the collateral that was used to secure the loan.

What information must be reported on sale of secured asset?

The information that must be reported on sale of secured asset includes details about the asset, the sale price, the outstanding debt, and any other relevant information.

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