Insolvency Resolution definition

Insolvency Resolution means the resolution by which a competent judge declares on Insolvency any of the Counterparties.
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Examples of Insolvency Resolution in a sentence

  • As per Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2017, Resolution professional shall not disclose the Liquidation Value of the Corporate Debtor to anyone except members of Committee of Creditors.

  • Mr. was appointed as Resolution Professional in the Corporate Insolvency Resolution Process (CIRP) of (Corporate Debtor).

  • C-4 Bidder must not be under Insolvency Resolution Process or Liquidation or Bankruptcy Code Proceedings (IBC) as on date, by NCLT or any adjudicating authority/authorities, which will render him ineligible for participation in this tender, and shall submit undertaking (Annexure-7) to this effect.

  • NCLT ordered the commencement of Corporate Insolvency Resolution Process (“CIRP”) of ML on 25 September 2020 (order delivered on 03 October 2020) under the Insolvency and Bankruptcy Code, 2016 (“IBC”).

  • The Contractor shall maintain strict confidentiality of all information relating to RGBL, including as required under IBC read with IBBI (Insolvency Resolution Process) Regulations 2016.

  • AND WHEREAS the Corporate Insolvency Resolution Process of ., having CIN No. incorporated under the Companies Act, 2013 having its registered office (hereinafter referred to as ‘Corporate Debtor’) was commenced on .

  • From: (On the letter head of the firm/company by the authorized officer having power of attorney) The Resolution Professional, Rajahmundry Godavari Bridge Limited (RGBL), (Company Under Corporate Insolvency Resolution Process), Orbit Plaza, Co-Op Housing Society Ltd., 5th floor, ▇▇▇▇ ▇▇.

  • Pursuant to the order dated 03 May 2024 (“Order”) of the Hon’ble National Company Law Tribunal, Kolkata Bench (“NCLT”), AMPL has been admitted into a Corporate Insolvency Resolution Process (“CIRP”) under the Insolvency and Bankruptcy Code, 2016 (“IBC”).

  • Resolution Professional has prepared information memorandum as per Section 29 (1) of the Code, as amended from time to time and Regulation 36 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, as amended from time to time (“CIRP Regulations”) in respect of the Corporate Debtor (“Information Memorandum”).

  • The Supreme Court in Ebix Singapore (supra) has quoted with approval the observations made by it in Committee of Creditors of Essar Steel India Ltd (supra) where Section 12 of the IBC was considered and it was held that the Insolvency Resolution Process should be completed in 270 days with an outer limit of 330 days.

Related to Insolvency Resolution

  • unanimous resolution means, subject to subsection (3), a resolution-

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

  • Arrangement Resolution means the special resolution of the Company Shareholders approving this Plan of Arrangement to be considered at the Company Meeting.

  • Informal resolution means options for resolving a formal complaint that do not involve a full investigation and adjudication. Informal resolution may encompass a broad range of conflict resolution strategies, including mediation or restorative justice.

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.