Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapter IV MEETINGS OF CREDITORS AND VOTING
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Quorum requirement for creditors' meetings establishes minimum voting-share presence and allows adjournment to next day without quorum. A meeting of creditors requires a quorum of creditors representing a minimum voting share present in person, by proxy or via video conferencing; creditors may modify the quorum percentage for future meetings. If a meeting cannot be held for want of quorum, it is automatically adjourned to the same time and place the next day when no quorum is required unless previously decided otherwise.
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.
Quorum requirement for creditors' meetings establishes minimum voting-share presence and allows adjournment to next day without quorum.
A meeting of creditors requires a quorum of creditors representing a minimum voting share present in person, by proxy or via video conferencing; creditors may modify the quorum percentage for future meetings. If a meeting cannot be held for want of quorum, it is automatically adjourned to the same time and place the next day when no quorum is required unless previously decided otherwise.
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