Public announcement requirements require interim resolution professionals to notify creditors promptly, publish widely, and provide claim and representation information. Regulation 6 requires an interim resolution professional to make a public announcement within three days of appointment. The announcement must be ... Summary
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.
Public announcement requirements require interim resolution professionals to notify creditors promptly, publish widely, and provide claim and representation information.
Regulation 6 requires an interim resolution professional to make a public announcement within three days of appointment. The announcement must be published in widely circulated English and regional-language newspapers at relevant business locations and, where available, on the corporate debtor's and designated Board websites. It must state how claim forms may be obtained, prescribe a fourteen-day deadline for proofs of claim, and offer creditor classes a choice of authorised representatives with profile and role information. The applicant bears expenses, subject to committee-ratified reimbursement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.