24. (1) The members of the committee of creditors may meet in person or
by such electronic means as may be specified.
(2) All meetings of the committee of creditors shall be conducted by the
resolution professional.
(3) The resolution professional shall give notice of each meeting of the
committee of creditors to-
(a) members of Committee of creditors;
(b) members of the suspended Board of Directors or the partners of the
corporate persons, as the case may be;
(c) operational creditors or their representatives if the amount of their
aggregate dues is not less than ten per cent. of the debt.
(4) The directors, partners and one representative of operational creditors,
as referred to in sub-section (3), may attend the meetings of committee of
creditors, but shall not have any right to vote in such meetings:
Provided that the absence of any such direct or, partner or representative
of operational creditors, as the case may be, shall not invalidate
proceedings of such meeting.
(5) Any creditor who is a member of the committee of creditors may appoint
an insolvency professional other than the resolution professional to
represent such creditor in a meeting of the committee of creditors:
Provided that the fees payable to such insolvency professional representing
any individual creditor will be borne by such creditor.
(6) Each creditor shall vote in accordance with the voting share assigned to
him based on the financial debts owed to such creditor.
(7) The resolution professional shall determine the voting share to be
assigned to each creditor in the manner specified by the Board.
(8) The meetings of the committee of creditors shall be conducted in such
manner as may be specified.