Examples of Request for Resolution Plan in a sentence
It is clarified that the Bid Process document (Request for Resolution Plan) detailing the procedure for submitting resolution plan, criteria for evaluation of bids shall be disclosed at a later stage.
The fulfilment of eligibility conditions in the EOI does not automatically entitle us to participate in the CIRP of Panyam Cements and Mineral Industries Limited, which will be subject to applicable laws and further conditions stipulated by the RP or the COC, in their sole discretion, including those in relation to access to virtual data room (VDR) or as may be stipulated under the Request for Resolution Plan document.
It is clarified that the Request for Resolution Plan detailing the procedure for submitting resolution plan, criteria for evaluation of bids shall be disclosed at a later stage.
The fulfilment of eligibility conditions in the EOI does not automatically entitle us to participate in the CIRP of Lanco Mandakini Hydro Energy Private Limited, which will be subject to applicable laws and further conditions stipulated by the RP or the COC, in their sole discretion, including those in relation to access to virtual data room (VDR) or as may be stipulated under the Request for Resolution Plan document.
The Shortlisted Prospective RAs will be required to execute a non-disclosure agreement (“NDA”) as per the requirements of the IBC and the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (“CIRP Regulations”) as a condition for receiving the Information Memorandum (“IM”), Request for Resolution Plan (RFRP), Evaluation Matrix (“EM”), access to data/ information and other relevant information in relation to the Company.
In term of the Request for Resolution Plan, the Resolution Applicant has already provided an Earnest Money Deposit for an amount of Rs. 3 crores.
Each shortlisted Prospective RA will be required to give a bid bond for INR 1,00,00,000 (INR One crore Only) (“Bid Bond”) in the form of Demand Draft/ RTGS/ NEFT in accordance with the terms of the Process Memorandum/ Request for Resolution Plan along with their Resolution Plans at the time of submission of Plan.
Last date of receipt of EoI was on 09.09.2022 and date of issuance of Information Memorandum, Evaluation Matrix, Request for Resolution Plan (RFRP) was 21.09.2022.
Request for Resolution Plan (“RFRP”) outlining the next steps along with theevaluation criteria/matrix for the resolution plans.
Provided that the committee shall record the reasons for approving or rejecting a resolution plan.Resolution Plansubmitted by Mahakram Developers Private Limited was found to be Compliant in terms of Request for Resolution Plan (RFRP) and was further considered by Committee ofCreditors.