Insolvency and Bankruptcy Code (IBC) – Section-112

Report of meeting of creditors on repayment plan

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 the repayment plan.

(2) The report under sub-section (1) shall contain:

(a) whether the repayment plan was approved or rejected and if approved, 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.

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