Consideration of matters / issues by the committee of creditors on request by members of the committee.

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....olvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Sub: Consideration of matters / issues by the committee of creditors on request by members of the committee. Regulation 18 of the IBBI (Insolvency Resolution Process for Corporate Persons) Re....

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....of the CoC having 33% of the voting rights may request the RP to convene a meeting of the CoC. Such request shall include a note proposing the matters to be discussed or issues to be voted upon, along with relevant documents, if any. On receipt of the request, the RP shall convene a meeting of the CoC for consideration of the note. These provisions envisage the following situations: Sl. No. Situ....

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.... convene a meeting of the CoC for consideration of the note, or place the note for consideration in a meeting of the CoC, if it is already scheduled. 4 Members of the CoC having less than 33% of the voting rights request the RP, along with a note, to place the note for consideration in a meeting of the CoC. The RP shall consider the request expeditiously on merits. If he considers it necessary,....