Section 25A of IBC : Section 25A: Rights And Duties Of Authorised Representative Of Financial 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 scenario where a company, XYZ Private Limited, is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The company owes money to a number of financial creditors, including several homebuyers who have invested in the company's housing project. These homebuyers are considered financial creditors because they have provided an advance for their homes, which is a financial debt owed by XYZ Private Limited.

Due to the large number of homebuyers, they appoint an authorised representative to attend the Committee of Creditors (CoC) meetings on their behalf. This representative is responsible for voting in line with the homebu...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.

🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: All Judiciary Acts to be available within a week.

Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app

Kanoon Library Android App - Play Store LinkKanoon Library iOS App - App Store Link