The Liquidator may, subject to the directives given by the Rastra Bank, auction off or cause to auction off the entire assets of a bank or financial institution being in the process of mandatory liquidation including the assets mortgaged as collateral security of the approved secured claim of the creditors bank or financial institution as follows:-
a. At the place of transaction of the securities, foreign currencies or other assets that may be sold easily in the market,
b. The securities given for security of the loan of the creditor, foreign currencies or other assets that may be sold easily in the market, by the creditors by themselves,
c. If the Liquidator deems that no reasonable price could be received through an auction of assets, to them in any manner whatsoever,
d. To make other provisions as prescribed by the Rastra Bank.