Authorised representative voting rule: requires majority decision by represented financial creditors; exception for certain insolvency applications. The authorised representative must cast his vote on behalf of all financial creditors he represents in accordance with the decision taken by a majority of the voting share of those creditors who have cast their vote, subject to a prescribed exception for votes relating to a particular category of insolvency application where the earlier voting procedure applies.
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.
Authorised representative voting rule: requires majority decision by represented financial creditors; exception for certain insolvency applications.
The authorised representative must cast his vote on behalf of all financial creditors he represents in accordance with the decision taken by a majority of the voting share of those creditors who have cast their vote, subject to a prescribed exception for votes relating to a particular category of insolvency application where the earlier voting procedure applies.
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