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of <h1>Repayment Plan Modifications Require Over Three-Fourths Creditor Approval Under Insolvency and Bankruptcy Code, 2016</h1> The repayment plan or any modification to it under the Insolvency and Bankruptcy Code, 2016, must be approved by a majority of more than three-fourths in value of the creditors who are present either in person or by proxy and voting on the resolution during a creditors' meeting. This provision came into force on December 1, 2019.
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