https://www.taxtmi.com/article/detailed?id=11552 The Board proposes expanding the Authorized Representative's duties to include assisting creditor classes in understanding Committee of Creditors deliberations, reviewing minutes, aiding asset marketability and resolution plan evaluation, maintaining open communication with the Resolution Professional, representing the class before tribunals and regulators, updating creditors on process progress, and recording meeting minutes; it also proposes revised fees incorporated into the CIRP cost and a replacement mechanism whereby creditors meeting a voting threshold may nominate alternatives, trigger a circulated vote, and have the Resolution Professional apply to the Adjudicating Authority to appoint the selected insolvency professional. en-us Thu, 29 Jun 2023 08:32:02 +0530 Thu, 29 Jun 2023 08:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11552 The Board proposes expanding the Authorized Representative's duties to include assisting creditor classes in understanding Committee of Creditors deliberations, reviewing minutes, aiding asset marketability and resolution plan evaluation, maintaining open communication with the Resolution Professional, representing the class before tribunals and regulators, updating creditors on process progress, and recording meeting minutes; it also proposes revised fees incorporated into the CIRP cost and a replacement mechanism whereby creditors meeting a voting threshold may nominate alternatives, trigger a circulated vote, and have the Resolution Professional apply to the Adjudicating Authority to appoint the selected insolvency professional. Articles Corporate Laws / IBC / SEBI Thu, 29 Jun 2023 08:32:02 +0530 https://www.taxtmi.com/article/detailed?id=11552