Chapter III — INSOLVENCY RESOLUTION PROCESS

Section 112Report of meeting of creditors on repayment plan

Section 112: Report of meeting of creditors on repayment plan

112. Report of meeting of creditors on repayment plan

(1)

The resolution professional shall prepare a report of the meeting of the creditors on repayment plan.

(2)

The report under sub-section (1) shall contain—

(a)

whether the repayment plan was approved or rejected and if approved, the list the modifications, if any;

(b)

the resolutions which were proposed at the meeting and the decision on such resolutions;

(c)

list of the creditors who were present or represented at the meeting, and the voting records of each creditor for all meetings of the creditors; and

(d)

such other information as the resolution professional thinks appropriate to make known to the Adjudicating Authority.