Regulation 44 - Resolution plan - Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021

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.