As per the requirement under Insolvency & Bankruptcy Board, 2016 r.w. Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 amended from time to time, E-Voting is compulsory in case any of member is not present in the meeting in which the resolution is voted upon.
Corporate Debtor means a corporate Entity being Private Limited Company or Limited Company or Limited Liability Partnership or any other person in corporate with limited liability under any law for time being in force who owes a debt to any person.
Scrutinizer refers to an Insolvency Professionals registered with Insolvency and Bankruptcy Board of India and acting as Interim Resolution Professional or Resolution Professional. Scrutinizer is responsible to arrange the electronic voting to be provided to the members of the Committee of Creditors who shall exercise their votes electronically to approve or reject particular resolution.
Authorized Representative is an Insolvency Professional appointed by Adjudicating Authority on behalf of specific class of creditors. Authorized Representative is a person who attend meeting of the Committee of creditors and is also responsible to take an instruction from each class of creditor through electronic voting and convey it to the Interim Resolution Professional or Resolution Professional. He shall act on instruction of each class of creditor in the meeting of Committee of Creditors.