Voting rights in the committee of creditors depend on admitted claims; non-members have no voting or dissent status. The Code and Regulations provide that only financial creditors whose claims have been admitted by the Interim Resolution Professional and included as members of the Committee of Creditors possess voting rights; voting shares are assigned based on admitted claims, inclusion after constitution does not invalidate prior CoC decisions, and non-members cannot be treated as having voted against or abstained from voting.
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.
Voting rights in the committee of creditors depend on admitted claims; non-members have no voting or dissent status.
The Code and Regulations provide that only financial creditors whose claims have been admitted by the Interim Resolution Professional and included as members of the Committee of Creditors possess voting rights; voting shares are assigned based on admitted claims, inclusion after constitution does not invalidate prior CoC decisions, and non-members cannot be treated as having voted against or abstained from voting.
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