Pre-packaged insolvency: committee of creditors must be constituted and meet promptly, with composition adjustable without invalidating prior decisions. A committee of creditors must be constituted by the resolution professional from the confirmed list of claims, with composition alterable on the basis of an updated list without affecting prior decisions, and the first meeting required to be held within a prescribed short period; provisions modelled on section 21 apply mutatis mutandis with specified adjustments to references to the resolution professional.
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.
Pre-packaged insolvency: committee of creditors must be constituted and meet promptly, with composition adjustable without invalidating prior decisions.
A committee of creditors must be constituted by the resolution professional from the confirmed list of claims, with composition alterable on the basis of an updated list without affecting prior decisions, and the first meeting required to be held within a prescribed short period; provisions modelled on section 21 apply mutatis mutandis with specified adjustments to references to the resolution professional.
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