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

NCLT Mumbai held that voting shares of abstaining members shouldn't be excluded when calculating approval percentages under IBC. The ruling clarifies voting mechanics in critical insolvency decisions, ensuring that passive members don't distort the democratic process. This interpretation maintains the integrity of committee of creditors' decisions while respecting all members' proportional rights in resolution planning.