valid as on 06/05/2021

2.16.44. Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021

A resolution plan shall provide for the measures, as may be necessary, for maximisation of value of its assets, including the following:-

(a) transfer of all or part of the assets of the corporate debtor to one or more persons;

(b) sale of all or part of the assets whether subject to any security interest or not;

(c) restructuring of the corporate debtor, by way of merger, amalgamation and demerger;

(d) the substantial acquisition of shares of the corporate debtor;

(e) cancellation or delisting of any shares of the corporate debtor, if applicable;

(f) satisfaction or modification of any security interest;

(g) curing or waiving of any breach of the terms of any debt due from the corporate debtor;

(h) reduction in the amount payable to the creditors;

(i) extension of a maturity date or a change in interest rate or other terms of a debt due from the corporate debtor;

(j) amendment of the constitutional documents of the corporate debtor;

(k) issuance of securities of the corporate debtor, for cash, property, securities, or in exchange for claims or interests, or other appropriate purpose;

(l) change in portfolio of goods or services produced or rendered by the corporate debtor;

(m) change in technology used by the corporate debtor; and

(n) obtaining necessary approvals from the Central and State Governments and other authorities.

Inserted vide Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021 dated 09.04.2021. To view the notification, Click Here.

Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021 dated 09.04.2021


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