The Insolvency and Bankruptcy Code

Application by debtor to initiate insolvency resolution process

Application by creditor to initiate insolvency resolution process

Interim moratorium

Appointment of resolution professional

Replacement of resolution professional

Submission of report by resolution professional

Admission or rejection of application

Moratorium

Public notice and claims from creditors

Registering of claims by creditors

Preparation of list of creditors

Repayment plan

Report of resolution professional on repayment plan

Summoning of meeting of creditors

Conduct of meeting of creditors

Voting rights in meeting of creditors

Rights of secured creditors in relation to repayment plan

Approval of repayment plan by creditors

Report of meeting of creditors on repayment plan

Notice of decisions taken at meeting of creditors

Order of Adjudicating Authority on repayment plan

Effect of order of Adjudicating Authority on repayment plan

Implementation and supervision of repayment plan

Completion of repayment plan

Repayment plan coming to end prematurely

Discharge order

Standard of conduct


CHAPTER III INSOLVENCY RESOLUTION PROCESS


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.


LAWGIST

# 111 Approval of repayment plan by creditors