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Section 111 : Approval of repayment plan by creditors

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.

 

Insolvency and Bankruptcy Code 2016

Section 111 Approval of repayment plan by creditors

Section 112 Report of meeting of creditors on repayment plan

Section 113 Notice of decisions taken at meeting of creditors

Section 114 Order of Adjudicating Authority on repayment plan

Section 115 Effect of order of Adjudicating Authority on repayment plan

Section 116 Implementation and supervision of repayment plan

Section 117 Completion of repayment plan

Section 118 Repayment plan coming to end prematurely

Section 119 Discharge order

Section 120 Standard of conduct

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