Public announcement requirements in pre-packaged insolvency demand prompt notice, creditor communication, and website publication. The resolution professional must make a public announcement within two days of commencement of the pre-packaged insolvency resolution process. The announcement must follow the format notified by the Board, be sent to every creditor listed in the notified format, be sent to information utilities, and be published on the website of the corporate debtor and the Board.
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 pre-packaged insolvency demand prompt notice, creditor communication, and website publication.
The resolution professional must make a public announcement within two days of commencement of the pre-packaged insolvency resolution process. The announcement must follow the format notified by the Board, be sent to every creditor listed in the notified format, be sent to information utilities, and be published on the website of the corporate debtor and the Board.
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