Public announcement requirements in corporate insolvency set prescribed content, claims deadline and penalties for false claims. The public announcement must name the corporate debtor and its registering authority, identify the interim resolution professional responsible for management and receiving claims, state the last date for submission of claims as specified, set out penalties for false or misleading claims, and specify the date on which the corporate insolvency resolution process will close; the announcement must be made in the manner prescribed.
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.
Public announcement requirements in corporate insolvency set prescribed content, claims deadline and penalties for false claims.
The public announcement must name the corporate debtor and its registering authority, identify the interim resolution professional responsible for management and receiving claims, state the last date for submission of claims as specified, set out penalties for false or misleading claims, and specify the date on which the corporate insolvency resolution process will close; the announcement must be made in the manner prescribed.
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