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      Question

      What voting threshold is required by the Committee of

      Creditors (CoC) to approve a corporate resolution plan under the IBC?
      A Simple majority (more than 50%) Correct Answer Incorrect Answer
      B At least 60% votes Correct Answer Incorrect Answer
      C At least 66% votes Correct Answer Incorrect Answer
      D At least 75% votes Correct Answer Incorrect Answer
      E Unanimous consent (100%) Correct Answer Incorrect Answer

      Solution

      If the Committee of Creditors (CoC) approves a resolution plan with at least 66% votes, it is sent to the NCLT for final approval.

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