Article 84 of Bankruptcy Law

The bankruptcy judge shall issue a decision refusing or suspending confirmation of the proposal if any of the following circumstances occurs: (1) If the procedures for convening the meeting or the voting procedures therein are tainted by invalidity. ) If the approval of the required majority for the proposal has not been obtained. If the proposal does not satisfy the fairness criteria in accordance with the preceding Article. If confirmation of the proposal is suspended, the bankruptcy judge shall specify the amendments required Law Index 1407 Home Page Bankruptcy Law Law No. 71 of 2020 Promulgating the Bankruptcy Law to be made to it or the procedure required to be completed, and shall set a period for the debtor to obtain the approval of the required majority for the amended proposal and resubmit it once again to the Bankruptcy Administration for confirmation. If the amended proposal obtains the approval of the required majority, the bankruptcy judge shall confirm it. If the creditors do not approve the amended proposal, the bankruptcy judge shall issue a decision refusing confirmation.