The notification primarily restructures regulatory clauses related to the modes of asset sale and committee composition. The key changes include the omission of clause (f) in regulation 31A(1), which pertains to the constitution of the Stakeholders’ Consultation Committee. Also, in regulation 32, which deals with various modes of sale during liquidation, specific revisions have been made, such as the insertion of the word “or” after clause (c), substitution of punctuation in clause (d), and the omission of clauses (e) and (f). Also, regulation 32A, which previously governed the sale of the corporate debtor or its business as a going concern, has been omitted entirely.