Examples of Dutch Bankruptcy Court in a sentence
Such situation raised while the liquidation proceedings was admitted against Jet Airways on May 21, 2019 by the Dutch Bankruptcy Court in Netherlands and Dutch Administrator was appointed to take charge of Jet Airways assets located therein.
UPC and New UPC shall provide each of UGC, New UPC and the Participating Noteholders with a reasonable opportunity to review and comment on the Disclosure Statement, the Plan and the Akkoord, and any amendment or supplement thereto, prior to filing same with the US Bankruptcy Court or the Dutch Bankruptcy Court, as applicable, and shall provide each other with a copy of all such filings made with the US Bankruptcy Court and the Dutch Bankruptcy Court.
The Holders of General Unsecured Claims will be permitted to participate in the New UPC Equity Purchase Rights based on the Claim amounts set forth by such Holders in their proofs of claim filed in the U.S. Bankruptcy Case; provided, however, that this right will in no way affect any determination by either the U.S. Bankruptcy Court or the Dutch Bankruptcy Court as to the allowability of any Claims asserted by such Holders against the Company.
In the event it becomes necessary for the Dutch Trustee in compliance of the Dutch Bankruptcy Court or any other court, or under any applicable law, to take any decision that might adversely impact the interests of the Company or the creditors, the Dutch Trustee shall give advance intimation of such decision to the RP.
UPC and New UPC shall use their commercially reasonable efforts to respond to and resolve any objections raised by parties in interest before the US Bankruptcy Court or the Dutch Bankruptcy Court with respect to the Disclosure Statement, the Plan and the Akkoord as promptly as practicable.
Communication – To promote communication among the Parties and the CoC; and to provide, wherever possible, for direct communication among NCLT, NCLAT and Dutch Bankruptcy Court.
As previously reported, on March 12, 2003, the Amsterdam Court (Rechtbank) (the "Dutch Bankruptcy Court") considered the proposed plan of compulsory composition (Akkoord) under the Dutch Faillissementswet (the "Dutch Bankruptcy Code") filed by United Pan-Europe Communications N.V. (the "Company") at a public hearing and on March 13, 2003, ratified the Akkoord in a written decision.
Comity – To maintain the independent jurisdiction, sovereignty, and authority of NCLT, NCLAT and Dutch Bankruptcy Court.
In pursuance of this obligation, the Court must recognise the order passed by the Dutch Bankruptcy Court.
Please note, however, that if an Ordinary Creditor files a claim in the Dutch Bankruptcy Case, either directly or by proxy, such Ordinary Creditor's name will be placed on the list of Ordinary Creditors that will be deposited at the Dutch Bankruptcy Court Clerk's Office and will be available for inspection by the public.