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Section 111 : Approval of repayment plan by creditors - The Insolvency and Bankruptcy Code 2016

111. 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.

 

The Insolvency and Bankruptcy Code 2016

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