Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapter IV MEETINGS OF COMMITTEE AND VOTING
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Quorum requirement: meetings lacking quorum adjourn automatically, and no quorum is required on the following day. Regulation 22 provides that where a meeting cannot be held for want of quorum it is automatically adjourned to the same time and place on the following day and on that day no quorum is required unless the committee previously decided otherwise; the bankruptcy trustee may, by notice, require the bankrupt to attend any meeting or any adjournment.
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: meetings lacking quorum adjourn automatically, and no quorum is required on the following day.
Regulation 22 provides that where a meeting cannot be held for want of quorum it is automatically adjourned to the same time and place on the following day and on that day no quorum is required unless the committee previously decided otherwise; the bankruptcy trustee may, by notice, require the bankrupt to attend any meeting or any adjournment.
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