66% votes required for resolution plans submitted but not approved before IBC Ordinance: NCLAT

66% votes required for resolution plans submitted but not approved before IBC Ordinance: NCLAT

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The NCLAT has ruled that resolution plans that had not been approved till the time IBC (Amendment) Ordinance, 2018 was introduced, will require the lowered voting of 66% as opposed to 75%.

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