Arrangement for continuing operations: parties may apply to the Tribunal for continuation or financial reconstruction of a sick industrial company. Interested stakeholders, including the company or financial institutions proposing assistance, may apply to the Tribunal to agree an arrangement for continuing operations or to suggest a scheme for financial reconstruction of a sick industrial company; the Tribunal may, within a short prescribed period after receipt, pass such orders as it deems fit to permit continuity of operations or to facilitate restructuring during the ongoing inquiry.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Arrangement for continuing operations: parties may apply to the Tribunal for continuation or financial reconstruction of a sick industrial company.
Interested stakeholders, including the company or financial institutions proposing assistance, may apply to the Tribunal to agree an arrangement for continuing operations or to suggest a scheme for financial reconstruction of a sick industrial company; the Tribunal may, within a short prescribed period after receipt, pass such orders as it deems fit to permit continuity of operations or to facilitate restructuring during the ongoing inquiry.
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