https://www.taxtmi.com/acts?id=37292 Regulation 39C allowed the committee of creditors, when approving a resolution plan or deciding on liquidation, to recommend exploring sale of the corporate debtor or its business as a going concern; the committee had to identify and group assets and liabilities to be sold together, and the resolution professional was required to submit that recommendation to the adjudicating authority when filing the committee's approval or decision. en-us Sat, 27 Jul 2019 10:16:02 +0530 Fri, 17 Oct 2025 13:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37292 Regulation 39C allowed the committee of creditors, when approving a resolution plan or deciding on liquidation, to recommend exploring sale of the corporate debtor or its business as a going concern; the committee had to identify and group assets and liabilities to be sold together, and the resolution professional was required to submit that recommendation to the adjudicating authority when filing the committee's approval or decision. Act-Rules IBC Sat, 27 Jul 2019 10:16:02 +0530 https://www.taxtmi.com/acts?id=37292