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[Cites 0, Cited by 0] [Section 16] [Entire Act]

Union of India - Subsection

Section 16(2) in Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017

(2)The committee formed under this Regulation shall consist of following members: -
(a)eighteen largest operational creditors by value:
Provided that if the number of operational creditors is less than eighteen, the committee shall include all such operational creditors;
(b)one representative elected by all workmen other than those workmen included under sub-clause (a); and
(c)one representative elected by all employees other than those employees included under sub-clause (a).