Section 24 of IBC : Section 24: Meeting Of Committee Of Creditors
IBC
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
Imagine a company, XYZ Pvt. Ltd., is undergoing insolvency proceedings under The Insolvency and Bankruptcy Code, 2016. The Resolution Professional (RP) has formed a Committee of Creditors (CoC) which includes the largest financial creditors of the company.
Scenario: The RP decides to convene a meeting of the CoC to discuss the resolution plans submitted by potential bidders. According to Section 24(1), this meeting can take place in person or via video conferencing as specified by the RP.
Application: The RP, acting under Section 24(2), sends out notices for the meeting to the CoC members, the s...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
In fact, any online course, certificate program, diploma in International Law, Technology Law, or whatever-new-hype-they-invent is usually just marketing sugarcoat. Don't let them sell you a PDF or Recorded Content and call it empowerment.
A course designed to truly empower you should be accessible — and preferably, free. That's why KanoonGPT will launch a Free AI 101 for Law Professionals course.
Also, quick reality check: Indians earn in INR ₹₹₹ — why on earth are we paying in Dollars $$$ for AI tools ? 🤨 Something doesn't add up.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
