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.

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.

Amended up to 2018-11-20View on India Code →
Section 111 – The Insolvency and Bankruptcy Code, 2016. | DailyLaw.ai