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CS Professional · Corporate Restructuring, Valuation and Insolvency · Convening and Conduct of Meetings of Committee of Creditors

Under the Regulations, a CoC notice that offers the video-conferencing option is issued by the resolution professional of Bharat Alloys Ltd. The meeting is held by video conferencing and the notice named a scheduled venue in Pune. Which statement about the place of the meeting is correct?

The scheduled venue stated in the notice, which must be in India, is deemed the place of the meeting, and all recordings are deemed made there, regardless of where participants or the resolution professional are physically located.

  1. AThe place is wherever the resolution professional was located during the call
  2. BThe place is the scheduled venue in the notice, deemed to be in India, and recordings are deemed made thereCorrect
  3. CThe place is the registered office of the largest creditor
  4. DThe place is not relevant for video conference meetings

Explanation

For video-conferenced meetings, the scheduled venue stated in the notice, which must be in India, is deemed the place of the meeting. All recordings of the proceedings are deemed made at that place. Participants' actual locations do not change this.

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