Examples of Specified Creditors in a sentence
On and from the Effective Date, the Specified Creditors shall withdraw all the legal proceedings (if any) instituted by them in relation to recovery of the amounts due any payable by the Petitioner Company.
Consequently, the Petitioner Company has defaulted on its debt obligations to its Specified Creditors (as defined hereinafter).
The Petitioner Company has committed defaults in respect of various loans and facilities availed from its Specified Creditors (as defined hereinafter) and certain such creditors have classified the account of the Petitioner Company as a ‘non-performing asset’ in their books.
This Scheme provides for arrangement or compromise with Specified Creditors, without any further act, application or deed in full and final settlement of the dues including interest in the manner provided hereinafter.
The Petitioner Company craves leave to refer to and rely upon the financing documents entered into by it with its Specified Creditors (as defined hereinafter).