Conduct of meeting of creditors
Section 108 of the Insolvency and Bankruptcy Code, 2016 deals with conduct of meeting of creditors. The meeting of the creditors shall be conducted in accordance with the provisions of this section and sections 109,110 and 111. The Act was enacted on 28 May 2016.
(1) The meeting of the creditors shall be conducted in accordance with the provisions of this section and sections 109,110 and 111.
(2) In the meeting of the creditors, the creditors may decide to approve, modify or reject the repayment plan.
(3) The resolution professional shall ensure that if modifications are suggested by the creditors, consent of the debtor shall be obtained for each modification.
(4) The resolution professional may for a sufficient cause adjourn the meeting of the creditors for a period of not more than seven days at a time.
Section 108, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 108
What does Section 108 of the Insolvency and Bankruptcy Code deal with?
Section 108 of the Insolvency and Bankruptcy Code is headed "Conduct of meeting of creditors". The meeting of the creditors shall be conducted in accordance with the provisions of this section and sections 109,110 and 111.
How do I find court cases under Section 108 of the Insolvency and Bankruptcy Code?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Insolvency and Bankruptcy Code 108, section 108 Insolvency and Bankruptcy Code, section 108 of the Insolvency and Bankruptcy Code. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 108 of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 109 (Voting rights in meeting of creditors), section 110 (Rights of secured creditors in relation to repayment plan), section 111 (Approval of repayment plan by creditors), so none of them can safely be read on its own.
When was Section 108 of the Insolvency and Bankruptcy Code enacted?
Section 108 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 108, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.
Other sections of this Act
- 240. Power to make regulations2349 words
- 5. Definitions2326 words
- 3. Definitions1381 words
- 29A. Person not eligible to be resolution applicant1152 words
- 239. Power to make rules963 words
- 196. Powers and functions of Board942 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 20 Oct 2026. This page is not a substitute for legal advice.