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of <h1>Regulation 39C: Guidelines for Selling Corporate Debtor as Going Concern in Insolvency Resolution Process.</h1> Regulation 39C of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, addresses the assessment of selling a corporate debtor as a going concern. When approving a resolution plan under section 30 or deciding on liquidation under section 33, the committee may recommend selling the debtor or its business as a going concern. The committee must identify and group relevant assets and liabilities for this purpose. The resolution professional is required to submit these recommendations to the Adjudicating Authority when filing the committee's decision or approval.
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