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Rights of secured creditors in relation to repayment plan.

Section 110 - Act - INSOLVENCY RESOLUTION PROCESS - Insolvency and Bankruptcy Code, 2016 - Section 110 - 110. (1) Secured creditors shall be entitled to participate and vote in the meetings of the creditors. (2) A secured creditor participating in th .....

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forfeit his right to enforce security, he shall submit an affidavit to the resolution professional at the meeting of the creditors stating- (a) that the right to vote exercised by the secured creditor is only in respect of the unsecured part of the .....

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