Committee of creditors composition and meeting procedure governed by interim administrator, including directions for promoter and manager attendance. Previously, an interim administrator appointed a committee of creditors (not exceeding seven members) with representation across creditor classes; the interim administrator determined meeting procedure and chair appointment and could require promoters, directors or key managerial personnel to attend meetings and provide necessary information.
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Provisions expressly mentioned in the judgment/order text.
Committee of creditors composition and meeting procedure governed by interim administrator, including directions for promoter and manager attendance.
Previously, an interim administrator appointed a committee of creditors (not exceeding seven members) with representation across creditor classes; the interim administrator determined meeting procedure and chair appointment and could require promoters, directors or key managerial personnel to attend meetings and provide necessary information.
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