Interim Resolution definition
Examples of Interim Resolution in a sentence
The written demand shall describe with reasonable particularity the matter(s) in dispute and the relief sought by the party initiating the Interim Resolution.
The Interim Resolution Decision shall include the factual findings and legal conclusions which form the basis therefor.
In the event Landlord fails to pay Tenant's demand in a timely manner and Landlord does not require that such Claims be submitted for Interim Resolution, Tenant may offset the amount of its Claims and expenses subject to the Offset Limit specified in Section 23.1.
In the event of an insolvency of the Lessee or its holding company or, in case of a consortium, the lead member, it is agreed that the Authority shall not be liable towards the Interim Resolution Professional, Resolution Professional, liquidator or any third party including the lenders for any costs, damages or payments including but not limited to the construction cost incurred by the Lessee under this Agreement.
CDS will provide Customer with an Interim Resolution within [****] hours after such problem has been successfully reproduced by CDS and verified to be caused by a failure of one or more components of a Switch.
Pursuant to the application filed by Auroma Coke Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, CIRP was initiated against the Corporate Debtor in CP No. T.P. 17/KB/2022 and appointed Mr. ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ as Interim Resolution Professional (“IRP”) by order of Hon’ble National Company Law Tribunal, Kolkata Bench (“NCLT”) dated 02nd May 2024.
The Interim Resolution Decision shall be binding on Landlord and Tenant only as provided in Section 18.1(g) below.
The issuance of a final judgment in such action, or the confirmation of an award in a Master Lease Arbitration where required by the Master Landlord Consent, shall automatically vacate and overturn the Interim Resolution Decision.
The Hon’ble NCLT vide its order dated September 26, 2019 allowed initiation of CIRP of the Company and Mr. ▇▇▇▇▇ ▇▇▇▇▇ Agarwal, IP Registration No. IBBI/IPA-001/IP-P00714/2017-2018/11222 was appointed as the Interim Resolution Professional (“IRP”) for the Company.
IBBI/IPA-001/IP-P00001/2016-17/10009 was appointed as the Interim Resolution Professional.