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of <h1>Resolution Passed by Majority Value in Creditors' Meeting Under Companies (Winding Up) Rules, 2020, Rule 101</h1> At a creditors' meeting under the Companies (Winding Up) Rules, 2020, a resolution is considered passed when a majority in value of the creditors present, either personally or by proxy, vote in favor. In a Tribunal-ordered winding up, for the first creditors' meeting, a creditor's value is determined by the lesser of the amount in the company's books or the amount in the creditor's proof as per rule 101. For subsequent meetings, the value is based on the creditor's proven debt or claim.
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