Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapter IV MEETINGS OF CREDITORS AND VOTING
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Creditor voting rules require minutes, electronic solicitation, combined vote tallying, and prompt circulation of results. Regulation 15 requires the resolution professional to put items to vote after discussion, prepare minutes listing creditors and their votes, circulate ... Summary
Creditor voting rules require minutes, electronic solicitation, combined vote tallying, and prompt circulation of results.
Regulation 15 requires the resolution professional to put items to vote after discussion, prepare minutes listing creditors and their votes, circulate those minutes by electronic means within forty eight hours, solicit electronic votes from absent or non voting creditors for at least twenty four hours, aggregate meeting and electronic votes, record decisions with creditor names and votes, and circulate the final record within twenty four hours of the voting conclusion.
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