Mera Samvidhaan All of Insolvency and Bankruptcy Code, 2016

Part III · Chapter III · Insolvency Resolution Process

111Approval of repayment plan by creditors.

Section 111 · Part III · Chapter III · page 102 of the Act

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 of The Insolvency and Bankruptcy Code, 2016 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.