📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    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. The statement is _____________
    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

    IBC    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.

    Practice Next
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question