Invitation for resolution plans: publication, evaluation criteria, no non refundable deposit and forfeitable performance security required. Regulation 43 requires the resolution professional to publish Form P11 and make the invitation for resolution plans available through specified channels, set a last date for submissions meeting the minimum notice period, and detail the process, interaction timelines, evaluation basis, tick size and improvement mechanisms. The invitation must not demand any non refundable deposit and may require a forfeitable performance security, specified with committee approval as to nature, value, duration and source, where an approved applicant fails to implement the plan.
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Provisions expressly mentioned in the judgment/order text.
Invitation for resolution plans: publication, evaluation criteria, no non refundable deposit and forfeitable performance security required.
Regulation 43 requires the resolution professional to publish Form P11 and make the invitation for resolution plans available through specified channels, set a last date for submissions meeting the minimum notice period, and detail the process, interaction timelines, evaluation basis, tick size and improvement mechanisms. The invitation must not demand any non refundable deposit and may require a forfeitable performance security, specified with committee approval as to nature, value, duration and source, where an approved applicant fails to implement the plan.
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