A tested, certified and audit-ready eVoting platform for Insolvency Professionals conducting Committee of Creditors voting under the Insolvency and Bankruptcy Code.
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The Insolvency and Bankruptcy Board of India (IBBI) has made it mandatory for Insolvency Professionals (Interim Resolution Professionals (IRPs) / Resolution Professionals (RPs) / Authorized Representatives (AR)) to provide eVoting facility to creditors (bankers, operational creditors, home buyers) in insolvency / bankruptcy cases under NCLT (National Company Law Tribunal).
The Insolvency and Bankruptcy Code (IBC) along with provision relating to online voting is available here: Notifications
Tested and certified by Government of India
Feature rich, flexible and easy to use platform
Used and loved by hundreds of Resolution Professionals
Cost effective
On call and email support
Right2Vote Online Voting platform is one of the very few online voting platforms in the country which is tested and certified for both security and quality by Standardization Testing and Quality Certification (STQC) Directorate under Ministry of Electronics and Information Technology (MEITY), Government of India.
It is also approved eVoting agency by Ministry of Corporate Affairs (MCA), Government of India.
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Right2Vote Infotech provides eVoting platform for IBC cases. Unique features include:
In IBC voting, each creditor's vote share is different based on total amount outstanding of individual creditor. Most voting platform is not equipped to provide different weightage to different voters. Right2Vote's eVoting platform automatically calculates the result after taking into account the different vote shares of the creditors. This saves lot of time and effort for the Insolvency Professionals.
Each voter gets a receipt via email / SMS as a record of the vote cast by him. This is extremely useful feature specially for banks for their internal filing and reporting.
The IP address and time of voting is recorded for each vote. This is immensely helpful to prove the authenticity of voters in case results are challenged by somebody.
The voters can anytime login and check the record of votes casted by them in the past. This ensures transparency and increases the confidence of the stakeholders.
In exceptional situation, if the time period of voting need to be extended, Right2Vote platform offer the feature to the resolution professional to extend time.
Right2Vote platform automatically sends a personalized invite with unique link to all voters via email / SMS. This ensures that all members are informed about the voting.
Right2Vote Platform also provides the facility to resolution professionals to send reminders to voters with single click. He can on real time basis track who have voted, who have not voted and send reminder to creditors who have not voted.
The platform has OTP based authentication before log in which not only makes it very secure but also very user friendly.
Right2Vote platform allows as many as 10 resolutions in a single poll without any additional charge.
We understand that IBC is a time bound process and time is of essence. Right2Vote platform is a 24/7/365 platform where resolution professionals can anytime set up the poll. Full admin control is provided to resolution professionals including option to set up the poll, send reminder, add votes, extend time and download results. This ensures that clients can set up poll on short notice and not dependent on operations team of Right2Vote.
Right2Vote also provides on call and email support to all clients for setting up the poll, answering queries etc.
Unlike other platforms records of previous polls are maintained on the platform and both poll creators and voters can access the system for details of previous polls. Resolution professionals can download the result of previous polls from the system even after 2-3 months.
We conduct eVoting under IBC for more than 400 Insolvency Professionals. Our client list includes all major insolvency firms.
Transparent, effort-free pricing built specifically for the IBC workflow.
Per event, flat rate.
Scales with class-of-creditor voting.
Join thousands of organizations that trust Right2Vote to conduct their elections securely and transparently.
IBC mandates that all creditors should be provided the right to vote and if they are unable to attend the meeting also the right to vote online. However, if the voters are present and ready to vote in the Committee of Creditors (CoC) meeting, then there is no need to provide online voting facility.
Yes, generally not all members are able to join the CoC meeting in person. In such cases, present members can vote during the meeting and rest can vote online. However, in such cases the Right2Vote platform would give result only for voters who voted online, RP will have to add up the offline vote results to calculate the final result.
Yes. Right2Vote is a very flexible platform and you can use it for any kind of elections.
Following information is required for setting up the poll:
Yes. Right2Vote's online voting platform is a 24/7/365 platform. You can log in and set up the poll anytime, even on Sunday mid-night. It does not take more than 15-20 minutes.
Right2Vote also offers the service of setting up the poll. If you want our team to set up the poll, kindly provide all the relevant details in one single email. Generally, lead time is around 3 hours during working hours.
Yes, results are automatically computed by Right2Vote system based on the vote share provided while setting up the poll. You just need to download the result. And it is done instantly! So, you can save lot of time with Right2Vote.
Result is provided in both PDF and Excel format and can be downloaded from the system by the Resolution Professional. PDF format result has Right2Vote Logo and PDF result copy can be distributed among the stakeholders.
The Excel version comes with additional information including voters ID, IP address, time of voting and individual vote choice. This is to be useful for RP in case of any dispute.
Generally, a separate certificate is not required as the auto-generated PDF result comes with our logo and is accepted by NCLT. However, if required, that can be provided for an extra charge.
As per the Act, minimum 24 hours need to be provided to the voters. Resolution professional can decide based on their own requirement and Right2Vote does not put any restrictions relating to time.
Yes.Extend Time feature is provided, and the resolution professional can use it as per his discretion. We suggest using it only in very expectation situations.
Yes.Allow Vote Change feature is provided for IBC voting. If resolution professional has opted for this feature, then the voters can change their votes during the duration of the voting.
Once the poll is published, no changes can be done in the resolutions or the voter list. This is to ensure there is no malpractice.
However, you can add more voters and extend time, if required.
Yes, resolution professional can add more voters, even after the poll is published. This should be done in exceptional situations only.
However, editing or deleting of existing entries in voter list (name / mobile number / email ID / vote share) is not allowed after the poll is published. This is to avoid any kind of malpractices and frauds.
However, if the voter has blocked emails from our Email ID they might not get the Email. Some banks, especially public sector banks have very strict IT policy against external emails and their IT settings might block our emails. Request the voter to get our email ID - Contact@right2vote.in whitelisted through their IT team. You can also share this common link with the voter: Login Here.
Other option is you can provide mobile number instead of email ID. IT settings of banks cannot block the SMS.
Anyway, our helpline email ID and mobile number is there on top of each page of the website if any voter faces any issue and wants any help.
Yes, Right2Vote also provides Video conference facility for CoC meetings. Charges are Rs. 10,000 for the first hour and Rs. 5000 for each subsequent hour. GST extra.
Right2Vote platform also provides eAuction services. eAuction charges is as low as Rs. 5000 per event. GST extra
IRP poll creation and voting guide.pdf • 1.2 MB
