Section 111. Approval of repayment plan by creditors
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Act
Insolvency and Bankruptcy Code Act, 2016
Section number
111
Section reader
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.
