Continuing with efforts to make insolvency process more smooth, the IBBI has proposed allowing Committee of Creditors (CoC) to vote simultaneously on two or more resolution plans for a company. The Insolvency and Bankruptcy Code (IBC) aims at time-bound and market-linked resolution of stressed entities. The Insolvency and Bankruptcy Board of India (IBBI) implements the Code and the Committee of Creditors (CoC) of a company has a key role in the resolution process. Issuing a discussion paper, the IBBI has proposed three changes in regulations -- replacement of authorised representative, voting by class of creditors at two stages and voting on two or more compliant resolution plans simultaneously. In cases where more than one compliant resolution plans are available, both the plans should be put to vote simultaneously by the CoC, as per the discussion paper.