Examples of IB Code in a sentence
That the public announcement of the corporate insolvency resolution process shall be made immediately as specified under section 13 of I&B Code.
That the order of moratorium shall have effect from the date of this order till the completion of the corporate insolvency resolution process or until this Bench approves the resolution plan under sub-section (1) of section 31 of I&B Code or passes an order for the liquidation of the corporate debtor under section 33 of I&B Code, as the case may be.
That the provisions of sub-section (1) of Section 14 of I&B Code shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator.
A Resolution Applicant is required to submit information in accordance with this RFRP and in compliance with the requirements set out under the IB Code and CIRP Regulations and shall sign and date each of the documents in the space provided therein and sign each page of all the documents.
We confirm that we have studied the provisions of the IB Code, the CIRP Regulations and other relevant laws and regulations to enable us to submit our Resolution Plan along with required documents and execute the other required documents in the event of our selection as the Successful Resolution Applicant.
We and our Representatives will comply with the requirements under section 29(2) of the IB Code.
The information provided in this E-Auction Process Information Sheet should be read together with the provisions of the I&B Code, 2016 and the Regulations.
In the event of a conflict between this e-Auction Process Information Sheet and the I&B Code, 2016 or the Regulations, the provisions of the I&B Code, 2016 or the Regulations, as the case may be, shall always prevail.
Statement on Oath in form of Affidavit by the E-Auction Applicant (through a duly Authorized person along with documents of such authorization), specifically stating that the bidder is eligible to be Resolution Applicant and is not barred / ineligible to be “Resolution Applicant” in consonance with the Provisions of the I&B Code, 2016.
It can examine the challenge only in relation to the grounds specified in Section 61(3) of the I&B Code, which is limited to matters “other than” enquiry into the autonomy or commercial wisdom of the dissenting financial creditors.