Claims submission deadline and creditor voting rules clarified, including authorised representative remuneration and creditor counts under the insolvency framework. Amendment to section 240 omits clause (g) and adds particulars to be recorded: the last date for submission of claims under clause (c) of sub-section (1) of section 15; the number of creditors within a class under the referenced provision; the remuneration payable to authorised representative under the proviso to the referenced sub-section; and the manner of voting and determination of voting share for financial debts.
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Claims submission deadline and creditor voting rules clarified, including authorised representative remuneration and creditor counts under the insolvency framework.
Amendment to section 240 omits clause (g) and adds particulars to be recorded: the last date for submission of claims under clause (c) of sub-section (1) of section 15; the number of creditors within a class under the referenced provision; the remuneration payable to authorised representative under the proviso to the referenced sub-section; and the manner of voting and determination of voting share for financial debts.
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