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Voting Rights In A CIRP Case

Vivek Chiraniya

CIRP

In a CIRP case, there was a claim from a statutory authority. It was the first claim in that case and was submitted the very next day of public announcement. Somehow, the representative of the statutory body was thinking he would get a preference due to early submission and also because it was a statutory body.

 

Considering the amount of their claim, the body was invited to the CoC. The representative was a bit annoyed with the discussion in the CoC meeting and with the fact that he was not authorised to vote in the meeting. It took a lot of patience to pacify him and clarify the position of the IRP and the provisions of IBC.

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