https://www.taxtmi.com/acts?id=30999 Constitution of the committee of creditors in the corporate insolvency resolution process is undertaken by the interim resolution professional after collation of claims and assessment of the corporate debtor's financial position. The committee comprises all financial creditors, subject to exclusions for related-party financial creditors and specified exceptions for regulated creditors. Voting share is based on the financial debt owed, and special rules govern consortium debts, overlapping financial and operational creditor status, and representation through trustees, agents, or authorised representatives. Committee decisions require not less than fifty-one per cent of voting share, and the resolution professional must furnish required financial information within seven days. en-us Tue, 02 Jan 2018 13:19:47 +0530 Tue, 26 May 2026 11:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30999 Constitution of the committee of creditors in the corporate insolvency resolution process is undertaken by the interim resolution professional after collation of claims and assessment of the corporate debtor's financial position. The committee comprises all financial creditors, subject to exclusions for related-party financial creditors and specified exceptions for regulated creditors. Voting share is based on the financial debt owed, and special rules govern consortium debts, overlapping financial and operational creditor status, and representation through trustees, agents, or authorised representatives. Committee decisions require not less than fifty-one per cent of voting share, and the resolution professional must furnish required financial information within seven days. Act-Rules IBC Tue, 02 Jan 2018 13:19:47 +0530 https://www.taxtmi.com/acts?id=30999