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            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.

            <h1>Composition of Committee of Creditors: inclusion rules and majority voting requirement determine control over insolvency resolution decisions.</h1> The committee of creditors shall comprise all financial creditors of the corporate debtor, excluding related parties from representation or voting. Each creditor in consortium or syndicated facilities is included with a voting share proportionate to the financial debt owed. If no financial creditors exist, the committee consists of operational creditors and worker/employee representatives. A class of creditors may be represented by an authorised representative appointed by the adjudicating authority, with prescribed remuneration. Committee decisions require a majority of voting share, and the resolution professional must furnish requested financial information within seven days.

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