The eligibility criteria as decided by Committee of Creditors which is required to be fulfilled by the Resolution Applicant is provided in the document process and other terms and The eligibility criteria would be verified by the called ‘bidding conditions’. Resolution Professional based on the documents submitted by Resolution Applicant along with this format. All the potential Resolution Applicants must read and understand following documents before submission of expression of interest, the documents are available on the website of the Corporate Debtor i.e. and the website of Resolution Professional at Form G Bid Evaluation Matrix Bidding Process and other terms and conditions Brief of assets and business of Corporate Debtor Draft of agreement to be executed between Resolution Applicant and Resolution Professional For definition of to section 2(51) of Companies Act, 2013 * “Key Managerial Personnel” please refer per explanation to clause (j) of section 29A of Insolvency and Bankruptcy Code, 2016 * *As ‘connected persons’ means— any person who is the promoter or in the management or control of the resolution applicant; or any person who shall be the promoter or in management or control of the business of the corporate debtor during the implementation of the resolution plan; or the holding company, subsidiary company, associate company or related party of a person referred to in clauses (i) and (ii): Provided that nothing in clause (iii) of this Explanation shall apply to— (A) a scheduled bank; or (B) an asset reconstruction company registered with the Reserve Bank of India under section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; or (C) an Alternate Investment Fund registered with the Securities and Exchange Board of India. *** For definition of Holding Company, Subsidiary company and Associate Company please refer to section 2(46), (87) and (6) of Companies Act, 2013 respectively. # For Refer to definition of "related party" under section 2(76) of Companies Act, 2013
The eligibility criteria as decided by Committee of Creditors which is required to be fulfilled by the Resolution Applicant is provided in the document called ‘bidding process and other terms and conditions’. The eligibility criteria would be verified by the Resolution Professional based on the documents submitted by Resolution Applicant along with this format. All the potential Resolution Applicants must read and understand following documents before submission of expression of interest, the documents are available on the website of the Corporate Debtor i.e. and the website of Resolution Professional at Form G Bid Evaluation Matrix Bidding Process and other terms and conditions Brief of assets and business of Corporate Debtor Draft of agreement to be executed between Resolution Applicant and Resolution Professional * For definition of “Key Managerial Personnel” please refer to section 2(51) of Companies Act, 2013 * *As per explanation to clause (j) of section 29A of Insolvency and Bankruptcy Code, 2016 ‘connected persons’ means— any person who is the promoter or in the management or control of the resolution applicant; or any person who shall be the promoter or in management or control of the business of the corporate debtor during the implementation of the resolution plan; or the holding company, subsidiary company, associate company or related party of a person referred to in clauses (i) and (ii): Provided that nothing in clause (iii) of this Explanation shall apply to— (A) a scheduled bank; or (B) an asset reconstruction company registered with the Reserve Bank of India under section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; or (C) an Alternate Investment Fund registered with the Securities and Exchange Board of India. *** For definition of Holding Company, Subsidiary company and Associate Company please refer to section 2(46), (87) and (6) of Companies Act, 2013 respectively. # For Refer to definition of "related party" under section 2(76) of Companies Act, 2013