https://www.taxtmi.com/article/detailed?id=12547 The IRP/RP must convene creditors' meetings with notice attaching the repayment plan, the guarantor's statement of affairs and the IRP report; voting rights are proportionate to debt and a meeting is quorate at thirty three percent voting share. The RP presides, conducts roll call, circulates minutes, enables electronic voting for absent creditors and records outcomes. Secured creditors voting on the plan must forfeit enforcement rights or limit their vote to the unsecured portion by affidavit. Approval of a repayment plan or modification requires a supermajority of creditors present and voting, after which the RP files the approval with the Adjudicating Authority. en-us Mon, 22 Apr 2024 09:10:35 +0530 Mon, 22 Apr 2024 09:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12547 The IRP/RP must convene creditors' meetings with notice attaching the repayment plan, the guarantor's statement of affairs and the IRP report; voting rights are proportionate to debt and a meeting is quorate at thirty three percent voting share. The RP presides, conducts roll call, circulates minutes, enables electronic voting for absent creditors and records outcomes. Secured creditors voting on the plan must forfeit enforcement rights or limit their vote to the unsecured portion by affidavit. Approval of a repayment plan or modification requires a supermajority of creditors present and voting, after which the RP files the approval with the Adjudicating Authority. Articles Corporate Laws / IBC / SEBI Mon, 22 Apr 2024 09:10:35 +0530 https://www.taxtmi.com/article/detailed?id=12547