Regulation 44. Resolution plan
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.
