Approved Resolution Plan definition

Approved Resolution Plan means the Resolution Plan submitted by the Successful Resolution Applicant, as recommended by the CoC and approved by the Adjudicating Authority.
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Approved Resolution Plan means the Resolution Plan submitted by Successful ResolutionApplicant(s), approved by Adjudicating Authority and the COC.
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Approved Resolution Plan means the Resolution Plan submitted by the Successful Resolution Applicant,
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Examples of Approved Resolution Plan in a sentence

  • In terms of the Approved Resolution Plan, till the date of transfer of control of the Company to the proposed investors, the Company is being managed and controlled by the ERP under the guidance of the Secured Financial Creditors, in close co-ordination with the proposed investors.

  • As per the provisions of the Approved Resolution Plan, the suspended Board of Directors deemed to resign from the Board and a new Board has been formed.

  • In terms of the Approved Resolution Plan, till the date of transfer of control of the Company to the proposed investors, the Company is being managed and controlled by the RP under the guidance of the Secured Financial Creditors, in close co-ordination with the proposed investors.

  • Further, pursuant to the Approved Resolution Plan, the Board was reconstituted and subsequently the various Committees were also reconstituted by the Monitoring Committee at their meeting held on 05th June, 2021.

  • In terms of the Approved Resolution Plan, JMFARC (acting in its capacity as Trustee of ARC Trust) and RIL have converted such portion of their assigned debt into equity, such that their joint equity holding in the Company is 75%.

  • As the powers of the Board of Directors continued to remain suspended as per the terms of the Approved Resolution Plan, no meetings of the Board of Directors of the Company were held from 1st April, 2020 till 14th September, 2020.

  • The price at which the conversion has taken place has been determined in accordance with the Approved Resolution Plan and applicable law and consequently, the difference between the issue of 275.46 crore equity shares at face value and the amount by which the assigned debt has been proportionately reduced as stated above has been recognised as exceptional gain in the statement of profit and loss.

  • This framework seeks to create transparency, minimise adverse impact on the business objectives and enhance the Company’s competitive advantage.As the powers of the Board of Directors continued to remain suspended as per the terms of the Approved Resolution Plan, no meetings of the Risk Management Committee were held from 1st April, 2020 till 14th September, 2020.Post 14th September, 2020, the Company has reconstituted Risk Management Committee.

  • The ICS is the component of the strategy whereby all U.S.-bound maritime containers are subject to an integrated scan (image and radiation detection) at the participating overseas port before being loaded on the U.S.-bound vessel.

  • In terms of the Approved Resolution Plan, there has been a change in the Statutory Auditors of the Company.


More Definitions of Approved Resolution Plan

Approved Resolution Plan means the Compliant Resolution Plan submitted by Successful Resolution Applicant and approved by the Adjudicating Authority.
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Approved Resolution Plan means the Resolution Plan accepted by the requisite majority of the Committee of Creditors under sub-section (4) of Section 30 of the Insolvency and Bankruptcy Code, 2016 and approved by the Adjudicating Authority under Section 31 of the Insolvency and Bankruptcy Code, 2016.
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Related to Approved Resolution Plan

  • Supplemental Resolution means any resolution or resolutions of the Trust amending, modifying or supplementing this Bond Resolution, authorizing the issuance of a Series of Refunding Bonds, or any other Supplemental Resolution adopted by the Trust pursuant to the provisions of this Bond Resolution.

  • U.S. Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • Board Resolution means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee.

  • Project Plan means the document to be developed by the Contractor and approved by WTL, based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalised Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by WTL. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.