The repayment plan or any modification to the repayment plan shall be approved by a majority of more than three-fourth in value of the creditors present in person or by proxy and voting on the resolution in a meeting of the creditors. Approval of repayment plan by creditors.
Insolvency and Bankruptcy Code, 2016
Section 111: Approval of repayment plan by creditors
Chapter III — Insolvency Resolution Process
Source: official text of the Insolvency and Bankruptcy Code, 2016.