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    <title>Composition of  the Committee of creditors [ Section 21 ]</title>
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    <description>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.</description>
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    <pubDate>Wed, 09 Aug 2023 14:29:00 +0530</pubDate>
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      <description>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.</description>
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