IBC 2016 definition

IBC 2016. / “Code” shall mean Insolvency and Bankruptcy Code, 2016 as amended from time to time;
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IBC 2016. , or “IBC” or “Code” shall mean Insolvency and Bankruptcy Code, 2016 and the related rules andregulations issued there under, as amended from time to time.
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IBC 2016 means The Insolvency and Bankruptcy Code, 2016 and the related rules and regulations issued there under, as amended from time to time. “Regulations” means, the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 as amended from time to time;
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Examples of IBC 2016 in a sentence

  • Arcil will obtain a certificate from an independent agency / vendor with respect to Successful bidder/ Offeror whether such Sucessful bidder is compliant of S -29A of IBC, 2016.

  • A note on how the provision for payment to operational debtors is in compliance with the provisions of Section 30(2) (B) of the IBC, 2016.

  • Date: Submitted by:Contact No: Email: CHECKLIST FOR SECTION 9 OF THE IBC, 2016 The petitioner is directed to fill in the above proforma, for expeditious disposal of Section 9 Applications.

  • Date: Submitted by:Contact No:Email:CHECKLIST FOR SECTION 10 OF THE IBC, 2016 1.Date of filing of the petition 2.CP (IB) Page No.3.Balance Sheet/Profit & Loss account of the corporate applicant to ascertain whether the corporate applicant is viable or not 4.Affidavit on eligibility under Section 11 5.Whether Interim Resolution Professional has been proposed 6.Special Resolution passed by shareholders of the corporate debtor or the resolution passed by at least 3/4th of the total no.

  • It is made clear that the Resolution Professional shall perform his functions and duties in compliance with the Code of Conduct provided under Section 208 of IBC, 2016.

  • In this regard, the liquidator would like to mention that the process of ownership transfer will start only after the liquidator receives full consideration as per Letter of intent issue to the bidder as per the provision of IBC 2016.

  • The bidder must not been declared Insolvent or referred to National Company Law Tribunal (NCLT) under the Insolvency and BankruptcyCode (IBC), 2016.

  • The PRA must be eligible to submit Resolution Plan in accordance with the provision of Section 29A of IBC 2016.

  • The proposed acquisition should not be funded and backed by promoters/Company/ Guarantors and/or any of their related parties and bidders shall represent and warrant that the ultimate transferee of the Stressed Loan Exposure is not the borrower/guarantor or its affiliates and also not disqualified under Section 29-A of the IBC, 2016.

  • The Resolution Professional shall prepare a report of the meeting of the creditors on repayment plan with all details as provided under Section 112 of IBC, 2016 and submit the same to this Tribunal, copies of which shall be provided to the Debtor and the Creditors.

Related to IBC 2016

  • NP 11-202 means National Policy 11-202 – Process for Prospectus Reviews in Multiple Jurisdictions;

  • NP 46-201 means National Policy 46-201 – Escrow for Initial Public Offerings.

  • Law 11/2015 means Law 11/2015 of 18 June, on recovery and resolution of credit institutions and investment firms (Ley 11/2015, de 18 de junio, de recuperación y resolución de entidades de crédito y empresas de servicios de inversión) as amended or replaced from time to time.

  • MI 11-102 means Multilateral Instrument 11-102 – Passport System;

  • DPA 2018 means the Data Protection Act 2018;

  • BRRD II means Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC.

  • NI 51-102 means National Instrument 51-102 – Continuous Disclosure Obligations;

  • Investment Plan means the QEP Resources, Inc. Employee Investment Plan, as amended from time to time, or any successor plan.

  • H1, H2 etc means First Highest, Second Highest Offers etc. in Disposal Tenders means

  • Alternative education program means a school or separate class group designed to best serve students’ educational needs and interests and assist students in achieving the academic standards of the district and the state.

  • ug/l means micrograms per liter.

  • alternative plan means a group RRSP, including the BCTF Plan, which was entered into prior to the coming into force of this Article, and which is still in effect as of that date.

  • Multi-factor Authentication means controlling access to computers and other IT resources by requiring two or more pieces of evidence that the user is who they claim to be. These pieces of evidence consist of something the user knows, such as a password or PIN; something the user has such as a key card, smart card, or physical token; and something the user is, a biometric identifier such as a fingerprint, facial scan, or retinal scan. “PIN” means a personal identification number, a series of numbers which act as a password for a device. Since PINs are typically only four to six characters, PINs are usually used in conjunction with another factor of authentication, such as a fingerprint.

  • NI 44-102 means National Instrument 44-102 – Shelf Distributions;

  • Expiry Date (Data di Scadenza) means the Expiry Date as specified in § 1 of the Product and Underlying Data.

  • Dairy farm means any place or premises where 1 or more dairy animals are kept for milking purposes, and from which a part or all of the milk is provided, sold, or offered for sale.

  • Committed Capital means $20,837,637.00 for 14,129,250 Class A Capital Units to be issued with respect to Members receiving Class A Capital Units in the Reorganization, and, with respect to any additional Members, the purchase price of the Capital Units subscribed for in any subsequent offering pursuant to a subscription agreement that has been accepted by the Company, regardless of whether such purchase price has been fully paid.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • NI 45-102 means National Instrument 45-102 – Resale of Securities;

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • NEC Electronics as used in this statement means NEC Electronics Corporation and also includes its majority-owned subsidiaries.