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Section 108: Conduct of meeting of creditors.

The Insolvency and Bankruptcy Code, 2016.Central Act · Act 31 of 2016

(1) The meeting of the creditors shall be conducted in accordance with the provisions of this section and sections 109,110 and 111.

(2) In the meeting of the creditors, the creditors may decide to approve, modify or reject the repayment plan.

(3) The resolution professional shall ensure that if modifications are suggested by the creditors, consent of the debtor shall be obtained for each modification.

(4) The resolution professional may for a sufficient cause adjourn the meeting of the creditors for a period of not more than seven days at a time.

Where this provision sits

ActThe Insolvency and Bankruptcy Code, 2016.
Section108
Marginal noteConduct of meeting of creditors.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it3

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