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Sale of assets outside the ordinary course of business.

Regulation 29 - Regulation - CONDUCT OF CORPORATE INSOLVENCY RESOLUTION PROCESS - Insolvency and Bankruptcy - Regulation 29 - 29. (1) The resolution professional may sell unencumbered asset(s) of the corporate debtor, other than in the ordinary cours .....

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d in aggregate under this sub-regulation shall not exceed ten percent of the total claims admitted by the interim resolution professional. (2) A sale of assets under this Regulation shall require the approval of the committee. (3) A bona fide purchas .....

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