Resolution Professional Can't Exclude Voting Share Of Members Who Abstain From Voting When Calculating Requisite Majority: NCLT Mumbai

NCLT Mumbai held that Resolution Professionals cannot exclude non-voting members' shares when calculating voting percentages under IBC. The decision ensures all financial creditors are accounted for in decision-making, preventing artificial manipulation of approval thresholds. This interpretation promotes transparency in the resolution process and protects minority creditors' interests while maintaining the code's collective decision-making framework.