Approval threshold reduced under section 12(2) by textual substitution, altering the required consenting proportion. The Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 substitutes the word 'seventy-five' with 'sixty-six' in sub section (2) of section 12 of the principal Act, effecting a textual change to the statutory threshold specified in that sub section by literal substitution of the specified word.
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Approval threshold reduced under section 12(2) by textual substitution, altering the required consenting proportion.
The Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 substitutes the word "seventy-five" with "sixty-six" in sub section (2) of section 12 of the principal Act, effecting a textual change to the statutory threshold specified in that sub section by literal substitution of the specified word.
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