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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