The repayment plan or any modification to the repayment plan shall be approved by a majority of more than three-fourth in value of the creditors present in person or by proxy and voting on the resolution in a meeting of the creditors.
PART III INSOLVENCY RESOLUTION AND BANKRUPTCY FOR INDIVIDUALS AND PARTNERSHIP FIRMS · CHAPTER III INSOLVENCY RESOLUTION PROCESS
Section 111: Approval of repayment plan by creditors
The Insolvency and Bankruptcy Code, 2016