Committee of creditors appointed by interim administrator with representative membership and control over meeting procedure and information. The interim administrator appoints a committee of creditors of up to seven members, aiming to represent each creditor class; the interim administrator decides meeting procedures and the chairperson; and may compel promoters, directors or key managerial personnel to attend meetings and provide necessary information.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Committee of creditors appointed by interim administrator with representative membership and control over meeting procedure and information.
The interim administrator appoints a committee of creditors of up to seven members, aiming to represent each creditor class; the interim administrator decides meeting procedures and the chairperson; and may compel promoters, directors or key managerial personnel to attend meetings and provide necessary information.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
