Sale of Corporate Debtor as a whole on-going concem basis pursuant to Regulation 32(e) and 33(2) read with Clause 2 of Schedule I of Liquidation Regulations on "as is where is basis", "as is what is basis", "whatever there is basis" & "without recourse basis". The said Challenge Process shall exclude: (a) Asset(s) lying at third party premises: (b) Asset(s) lying at premises located at CIT Road, Kolkata which belongs to the sister concern of the Corporate Debtor ie, Talwalkars Better Value Fitness Limited (in liquidation); (c) Cash and cash receivables; (d) Applications filed in accordance with Sections 43, 45, 50, and 66 of the Code, which are pending adjudication