Committee of Creditors can vote on multiple resolution plans simultaneously: IBBI
In a major amendment to the corporate insolvency resolution process (CIRP) regulations, the committee of creditors (CoC) can now vote on all compliant resolution plans simultaneously, according to a notification by the Insolvency and Bankruptcy Board of India (IBBI) on Friday. The plan which receives the highest votes, subject to the 66% regulatory threshold, shall … Read more