https://www.taxtmi.com/news?id=20140 The Ordinance lowers committee voting thresholds to sixty six percent (and generally to fifty one percent for committee decisions), permits withdrawal of admitted applications with ninety percent creditor approval, expands and clarifies the related party definition, refines resolution applicant eligibility (with exclusions for certain financial entities), establishes authorised representatives for creditor classes with duties and voting instructions, treats certain real estate receipts as borrowings, strengthens procedural safeguards for resolution professionals and approved plans, and allows tailored Code application to micro, small and medium enterprises. en-us Wed, 13 Jun 2018 18:41:35 +0530 Wed, 11 Feb 2026 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20140 The Ordinance lowers committee voting thresholds to sixty six percent (and generally to fifty one percent for committee decisions), permits withdrawal of admitted applications with ninety percent creditor approval, expands and clarifies the related party definition, refines resolution applicant eligibility (with exclusions for certain financial entities), establishes authorised representatives for creditor classes with duties and voting instructions, treats certain real estate receipts as borrowings, strengthens procedural safeguards for resolution professionals and approved plans, and allows tailored Code application to micro, small and medium enterprises. News - Wed, 13 Jun 2018 18:41:35 +0530 https://www.taxtmi.com/news?id=20140