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 ... Summary
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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