IAs filed to praying grant permission to the Liquidator of the Corporate Debtor to distribute the two unsold properties of the Corporate Debtor to the ICICI Bank Limited in terms of Section 53 of IBC read with Liquidation Process Regulation 38 subject to the payment of the Liquidator Fee and Expenses incurred by the applicant being the Liquidator during the liquidation process as assured by the ICICI Bank Limited. NCLT New Delhi Bench Court-II held that as there are also other creditors including the CBDT (Income-Tax Department), it could be fair if the property is sold by open auction and the money is distributed in terms of provisions of Section 53 of the IBC, 2016 as per the waterfall mechanism. Though the liquidation order in the present case was passed on 20.12.2019, and admittedly these were only two assets that were to be disposed of by the Liquidator, the Liquidator has not been able to dispose of them on one pretext or the other. Though he submits that the assets were advertised twice. In the wake, we are inclined to order that the assets of the Corporate Debtor should be liquidated with due process of the open auction to be advertised in the newspapers under the direct supervision of a senior officer of IBBI. Let the process be completed within six weeks.