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        IBC

        Regulation 24 - Committee with only creditors in a class

        Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
        Chapter VI
        COMMITTEE OF CREDITORS

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        Committee composition where all creditors form a single class: authorised representative(s) alone constitute the committee. If a corporate debtor has only creditors in a single class and no other financial creditor who is not a related party, the committee of creditors shall consist solely of the authorised representative(s) of that class.
                        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.

                              Committee composition where all creditors form a single class: authorised representative(s) alone constitute the committee.

                              If a corporate debtor has only creditors in a single class and no other financial creditor who is not a related party, the committee of creditors shall consist solely of the authorised representative(s) of that class.


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