Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 Chapter VI MEETINGS OF THE COMMITTEE
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Committee meeting requisition: resolution professional must convene meetings when requested by members holding requisite voting rights. A resolution professional may convene committee meetings at his discretion and must convene a meeting when requested by committee members representing thirty-three per cent of the voting rights, creating a member-triggered obligation to call meetings within the Fast Track Insolvency framework.
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.
Committee meeting requisition: resolution professional must convene meetings when requested by members holding requisite voting rights.
A resolution professional may convene committee meetings at his discretion and must convene a meeting when requested by committee members representing thirty-three per cent of the voting rights, creating a member-triggered obligation to call meetings within the Fast Track Insolvency framework.
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