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of <h1>Resolution Professional Must Report on Creditors' Meeting Outcomes Under Section 112 of Insolvency and Bankruptcy Code</h1> Section 112 of the Insolvency and Bankruptcy Code, 2016 mandates that a resolution professional must prepare a report on the meeting of creditors concerning a repayment plan. The report should indicate whether the repayment plan was approved or rejected, including any modifications. It must also detail the proposed resolutions and their outcomes, list the creditors present or represented, and provide voting records for all creditor meetings. Additionally, the report may include any other relevant information deemed necessary by the resolution professional for the Adjudicating Authority. This provision became effective on December 1, 2019.
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