Creditor voting rights under insolvency code: voting shares assigned by the resolution professional; unliquidated claims and certain creditors excluded. Section 135 provides that listed creditors or their proxies vote according to a voting share assigned by the resolution professional per Board rules; claims that are unliquidated do not carry voting rights, and creditors not on the section 132 list, those not notified by the bankruptcy trustee, and associates of the bankrupt are excluded from voting.
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.
Creditor voting rights under insolvency code: voting shares assigned by the resolution professional; unliquidated claims and certain creditors excluded.
Section 135 provides that listed creditors or their proxies vote according to a voting share assigned by the resolution professional per Board rules; claims that are unliquidated do not carry voting rights, and creditors not on the section 132 list, those not notified by the bankruptcy trustee, and associates of the bankrupt are excluded from voting.
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