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Question

The directors, partners and one representative of operational creditors, may attend the meetings of committee of creditors but shall not have any right to vote in such meetings

A True Correct Answer Incorrect Answer
B False Correct Answer Incorrect Answer
C At the discretion of the committee of creditors Correct Answer Incorrect Answer
D As the Adjudicating Authority may decide on the recommendation of the Board Correct Answer Incorrect Answer
E Be decided by the resolution professional based on the order of the Adjudicating Authority Correct Answer Incorrect Answer

Solution

Section 24-Meeting of committee of creditors: (4) The directors, partners and one representative of operational creditors, as referred to in sub-section (3), may attend the meetings of committee of creditors, but shall not have any right to vote in such meetings: Provided that the absence of any such director, partner or representative of operational creditors, as the case may be, shall not invalidate proceedings of such meeting.

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