Section 1
[(7) The Board may specify the manner of voting and the determining of the voting share in respect of financial debts covered under sub -sections (6) and (6A).
1 [(7) The Board may specify the manner of voting and the determining of the voting share in respect of financial debts covered under sub -sections (6) and (6A).
(8) Save as otherwise provided in this Code, all decisions of the committee of creditors shall be taken by a vote of not less than fifty-one per cent. of voting share of the financial creditors:
Provided that where a corporate debtor does not have any financial creditors, the committee of creditors shall be constituted and shall comprise of such persons to exercise such functions in such manner as may be specified.]
(9) The committee of creditors shall have the right to require the resolution professional to furnish any financial information in relation to the corporate debtor at any time during the corporate insolvency resolution process.
(10) The resolution professional shall make available any financial information so required by the committee of creditors under sub -section (9) within a period of seven days of such requisition.
Roop's Law Assist