The Insolvency and Bankruptcy Code, 2016
PART III Insolvency Resolution and Bankruptcy for Individuals and Partnership Firms
CHAPTER III Bankruptcy Order for Individuals and Partnership Firms
Section 112: Report of meeting of creditors on repayment plan:
*112. (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.
Notifications & Circulars
*Only in so far as they relate to personal guarantors to corporate debtors, shall come into force w.e.f. 01.12.2019.