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of <h1>Committee must recommend exploring going-concern sale and identify asset-liability groupings when approving resolution or liquidation</h1> When approving a resolution plan or deciding liquidation, the committee may recommend that the liquidator first explore sale of the corporate debtor or its business as a going concern. If recommended, the committee must identify and group the assets and liabilities that, on commercial grounds, should be sold together as a going concern. The resolution professional is required to submit the committee's recommendation and the identified grouping to the adjudicating authority when filing the committee's approval or decision.
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