https://www.taxtmi.com/circulars?id=62481 The Code and regulation 16A establish a procedural mechanism whereby, if a creditor class meets the threshold, the interim or resolution professional offers three insolvency professionals; creditors indicate their preferred nominee and the nominee with the highest number of selections becomes the authorised representative, who collects voting instructions, attends CoC meetings and casts the class vote in accordance with those instructions, and the resolution professional must facilitate this electronic choice process for unrepresented classes irrespective of process stage. en-us Fri, 13 Jul 2018 00:00:00 +0530 Fri, 27 May 2022 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62481 The Code and regulation 16A establish a procedural mechanism whereby, if a creditor class meets the threshold, the interim or resolution professional offers three insolvency professionals; creditors indicate their preferred nominee and the nominee with the highest number of selections becomes the authorised representative, who collects voting instructions, attends CoC meetings and casts the class vote in accordance with those instructions, and the resolution professional must facilitate this electronic choice process for unrepresented classes irrespective of process stage. Circulars IBC Fri, 13 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62481