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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Committee Actions Under IBBI Pre-packaged Insolvency Rules Require Meeting Vote; Minutes and Electronic Voting Detailed</h1> Any action requiring committee approval under the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021, must be considered in committee meetings. The resolution professional conducts votes among attending members on discussed items and announces the outcomes, including members' voting positions. Meeting minutes are circulated electronically within 24 hours, and members absent from the meeting can vote electronically for at least 24 hours. The authorized representative forwards these minutes to creditors in a class, announcing the voting window at least 24 hours in advance, keeping it open for a minimum of 12 hours.
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