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        IBC

        Section 111 - Approval of repayment plan by creditors.

        Insolvency and Bankruptcy Code, 2016
        Chapter III (of Part III)
        INSOLVENCY RESOLUTION PROCESS

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        Supermajority approval requires a supermajority in value of voting creditors to approve repayment plans. Approval of a repayment plan or any modification must be given by a majority of more than three-fourth in value of the creditors present in person or by proxy and voting on the resolution at a meeting of the creditors; proxy voting and the same threshold apply to modifications.
                        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.

                            Supermajority approval requires a supermajority in value of voting creditors to approve repayment plans.

                            Approval of a repayment plan or any modification must be given by a majority of more than three-fourth in value of the creditors present in person or by proxy and voting on the resolution at a meeting of the creditors; proxy voting and the same threshold apply to modifications.


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