IBBI Suspends IP for Miscalculating CoC Approval
Home/Corporate Laws/IBBI Suspends Insolvency Professional for 3 Months for Excluding Non-Voting Creditor’s Share to Show 66% CoC Approval of Resolution Plan [Read Order] Corporate LawsLaw Report IBBI Disciplinary Committee held that Section 30(4) IBC requires 66% of total voting share, so excluding non-voting SBI was impermissible. Get the day’s tax rulings in your inbox ×…