Majority Rule in Insolvency: 50%+ Homebuyers' Approval Upholds Resolution Plan, Binding Dissenters to Majority Decision.

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....Validity of approved Resolution Plan - Authorized Representative on behalf of majority of home buyers represented - the view of individual homebuyer is therefore subsumed in the majority (of more than 50%) decision - Even if some of the homebuyers have not voted in favour of the plan, but the majority (more than 50%) have voted in favour of the resolution plan approving the same, the dissenting homebuyers who are in minority have to go along with the views of the majority - AT....