CONFIDENTIALITY UNDERTAKING LETTER FOR IM ( INFORMATION MEMORANDUM) In Word Format

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CONFIDENTIALITY UNDERTAKING LETTER FOR IM ( INFORMATION MEMORANDUM)

CONFIDENTIALITY UNDERTAKING

 To,

Mr. Rabi Kumar Mishra

14/5N S Road, Dholakawala Building,

Janmabhoomi  Marg, Fort

Mumbai-400001, Maharashtra, India

 

Subject: Undertaking under Section 29 of the Insolvency And Bankruptcy Code, 2016 (IBC) and Regulation 36 (4) of the Insolvency And Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 to maintain confidentiality

 

Sir,

 

I, Ravi Pankaj, authorized representative of Stabnet Trade & Commerce Pvt. Ltd. hereby declare and undertake as under:

1.      Pursuant to the invitation by the Resolution Professional to prospective resolution applicants to submit resolution plans in the matter of Starnet Tyres Ltd. (under ongoing CIRP), we are interested in submitting a resolution plan (bid / proposal) to the resolution Professional.

2.      We require a copy of the IM of Starnet Tyres Ltd. and other relevant Information / additional information in physical and electronic form, relating to Starnet Tyres Ltd. that may be necessary to submit a resolution plan for Starnet Tyres Ltd. by us.

3.      In terms of Section 29 of the IBC and Regulation 36 of the CIRP Regulations we agree and undertake:

a.       To maintain confidentiality of the information as detailed in the IM and of any other information received by us and not to use such information to cause an undue gain or undue loss to yourself or any other person.

b.      To comply with the terms laid down under Section 29(2) of the IBC, relating to confidentiality.

c.       To protect any intellectual property and confidential information of Starnet Tyres Ltd. and its subsidiary company(s) we may have access to; and (mentioned in the Confidential Information).

d.      Not to share this information/relevant information with any third party unless the above mentioned clauses are complied with.

 

 

Signed on behalf of

Stabnet Trade & Commerce Pvt. Ltd.

 

 

 

 

by Mr. Ravi Pankaj

Authorized Representative



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