https://www.taxtmi.com/acts?id=40979 Regulation 40D directs that the committee assess commercial and asset-based factors-including non-operational status, obsolescence, absence of tangible or intangible going-concern value, accumulated losses, depreciation and unrealised investments-when determining liquidation. The committee must record such considerations and the resolution professional must submit that record with the liquidation application to the Adjudicating Authority. en-us Sat, 17 Sep 2022 16:23:56 +0530 Sat, 17 Sep 2022 16:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40979 Regulation 40D directs that the committee assess commercial and asset-based factors-including non-operational status, obsolescence, absence of tangible or intangible going-concern value, accumulated losses, depreciation and unrealised investments-when determining liquidation. The committee must record such considerations and the resolution professional must submit that record with the liquidation application to the Adjudicating Authority. Act-Rules IBC Sat, 17 Sep 2022 16:23:56 +0530 https://www.taxtmi.com/acts?id=40979