The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of substantially all the assets of A.N. Global Group Holdings LTD on September 25, 2023. To qualify as a qualified bidder, interested parties should submit their bids by November 9, 2023. The initial minimum overbid should be in the amount of $0.25 million more than the initial purchase price.

If the debtor receives any qualified bids then it would hold an auction for its assets on November 13, 2023. At the auction, the subsequent bids would be in increments of $0.25 million. The sale hearing is scheduled for November 16, 2023.