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of <h1>Section 25A of Insolvency Code: Duties of Financial Creditors' Representative in Corporate Insolvency Resolution Process Explained</h1> Section 25A of the Insolvency and Bankruptcy Code, 2016, outlines the rights and duties of an authorized representative of financial creditors during the Corporate Insolvency Resolution Process. The representative is entitled to participate and vote in the committee of creditors' meetings based on prior instructions from the creditors. They must circulate meeting agendas and minutes to the represented creditors and act in their best interest. If representing multiple creditors, the representative votes according to each creditor's instructions or abstains if no instructions are given. For decisions under section 12A, voting follows a majority decision of the creditors represented.
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