section 111
Approval of repayment plan by creditors
The Insolvency and Bankruptcy Code, 2016Corporate2016282 sections
Chapter III CHAPTER III INSOLVENCY RESOLUTION PROCESS
Statutory text
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.
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