Public announcement requirements under insolvency resolution process: timing, publication channels, claim forms, and creditor representative options. An interim resolution professional must make a public announcement within three days of appointment, in the notified form and through specified newspaper and online publications. The announcement must indicate where claim forms may be obtained, offer a choice of three insolvency professionals as authorised representative candidates for each creditor class, and specify the last date for submission of proofs of claim, being fourteen days from appointment. The expenses of the public announcement are borne by the applicant, subject to reimbursement to the extent ratified by the committee.
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 under insolvency resolution process: timing, publication channels, claim forms, and creditor representative options.
An interim resolution professional must make a public announcement within three days of appointment, in the notified form and through specified newspaper and online publications. The announcement must indicate where claim forms may be obtained, offer a choice of three insolvency professionals as authorised representative candidates for each creditor class, and specify the last date for submission of proofs of claim, being fourteen days from appointment. The expenses of the public announcement are borne by the applicant, subject to reimbursement to the extent ratified by the committee.
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