Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 Chapter VII VOTING BY THE COMMITTEE
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Voting by committee establishes electronic voting procedures, finality of votes, and mandatory circulation of minutes and decisions. Regulation 25 prescribes that the resolution professional conduct committee meetings, circulate minutes electronically within forty eight hours, solicit electronic votes from absent or non voting members with voting open for twenty four hours, ensure votes once cast are final, block the electronic portal at voting end, and circulate committee decisions with the names of members who voted for, against, or abstained within prescribed post voting or post meeting timeframes.
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.
Voting by committee establishes electronic voting procedures, finality of votes, and mandatory circulation of minutes and decisions.
Regulation 25 prescribes that the resolution professional conduct committee meetings, circulate minutes electronically within forty eight hours, solicit electronic votes from absent or non voting members with voting open for twenty four hours, ensure votes once cast are final, block the electronic portal at voting end, and circulate committee decisions with the names of members who voted for, against, or abstained within prescribed post voting or post meeting timeframes.
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