MANAGEMENT OF AFFAIRS OF THE CORPORATE DEBTOR - Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
MANAGEMENT OF AFFAIRS OF THE CORPORATE DEBTOR - Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
Committee voting procedures ensure meeting decisions recorded and post-meeting electronic voting offered to absent members. Regulation 35 mandates that matters requiring committee approval be decided at committee meetings where the resolution professional conducts and announces ... Summary
Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
Committee voting procedures ensure meeting decisions recorded and post-meeting electronic voting offered to absent members.
Regulation 35 mandates that matters requiring committee approval be decided at committee meetings where the resolution professional conducts and announces votes, records member positions, circulates minutes electronically to members and authorised representatives, and initiates post-meeting electronic voting for members who did not vote at the meeting; the authorised representative must circulate minutes to creditors in the class and announce and maintain a subsequent creditor voting window.
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