Resolution at creditors' meeting requires majority in value of voting creditors, with specific valuation rules for meetings. A creditors' meeting resolution requires a majority in value of creditors present personally or by proxy and voting. In a Tribunal winding-up, value for the first meeting is the lesser of the LLP's books or the amount in the creditor's proof; for later meetings the value is the amount proved by the creditor.
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Provisions expressly mentioned in the judgment/order text.
Resolution at creditors' meeting requires majority in value of voting creditors, with specific valuation rules for meetings.
A creditors' meeting resolution requires a majority in value of creditors present personally or by proxy and voting. In a Tribunal winding-up, value for the first meeting is the lesser of the LLP's books or the amount in the creditor's proof; for later meetings the value is the amount proved by the creditor.
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