Section 109: Voting rights in meeting of creditors.

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

(1) A creditor shall be entitled to vote at every meeting of the creditors in respect of the repayment plan in accordance with the voting share assigned to him.

(2) The resolution professional shall determine the voting share to be assigned to each creditor in the manner specified by the Board.

(3) A creditor shall not be entitled to vote in respect of a debt for an unliquidated amount.

(4) A creditor shall not be entitled to vote in a meeting of the creditors if he—

(a) is not a creditor mentioned in the list of creditors under section 104; or

(b) is an associate of the debtor.

Where this provision sits

Act	The Insolvency and Bankruptcy Code, 2016.
Section	109
Marginal note	Voting rights in meeting of creditors.
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	3

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