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[Cites 0, Cited by 0] [Section 25A] [Entire Act]

Union of India - Subsection

Section 25A(3A) in Insolvency And Bankruptcy Code, 2016

(3A)[ Notwithstanding anything to the contrary contained in sub-section (3), the authorised representative under sub-section (6A) of section 21 shall cast his vote on behalf of all the financial creditors he represents in accordance with the decision taken by a vote of more than fifty per cent, of the voting share of the financial creditors he represents, who have cast their vote:Provided that for a vote to be cast in respect of an application under section 12 A, the authorised representative shall cast his vote in accordance with the provisions of sub-section (3).] [Inserted by Act No. 26 of 2018, dated 17.8.2018.]