Bare ActsThe INSOLVENCY AND BANKRUPTCY CODE, 2016

Section 111

Approval of repayment plan by creditors

Amendment status not verified — confirm the current text below against the official source.

Approval of repayment plan by creditors.—The repayment plan or any modification to the repayment plan shall be approved by a majority of more than three-fourth in value of the creditors present in person or by proxy and voting on the resolution in a meeting of the creditors.

Section 111 – The INSOLVENCY AND BANKRUPTCY CODE, 2016 | DailyLaw.ai