Section 108

(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. 165 Sub-section (1A) and sub-section (3A) inserted, and in sub-section (4), after the words, brackets and figure “For the purposes of sub-section (3)”, the words, brackets, figure and letter “and sub-section (3A)” inserted, by the Insolvency and Bankruptcy Code (Amendment) Act, 2026 (Act No. 6 of 2026), sec. 53 (w.e.f. 26-05-2026).

(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.