The Resolution Plan was approved by 88% votes. What is the minimum percentage of vote required for approval of Resolution Plan and who are all eligible to vote for the Resolution Plan?

Section 30(4) of the Insolvency and Bankruptcy Code, 2016 states that 'the Committee of Creditors may approve a resolution plan by a vote of not less than sixty-six per cent of voting share of the financial creditors, after considering its feasibility and viability, the manner of distribution proposed, which may take into account the order of priority amongst creditors as laid down in sub-section (1) of section 53, including the priority and value of the security interest of a secured creditor. All financial creditors, who are the part of the Committee of creditors are eligible to vote for the approval of Resolution Plan.