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of <h1>Creditors' Voting Rights Defined: Section 109 of Insolvency and Bankruptcy Code 2016 Limits Voting on Unliquidated Debts and Associates.</h1> Under Section 109 of the Insolvency and Bankruptcy Code, 2016, creditors have voting rights in meetings concerning the repayment plan, based on their assigned voting share. The resolution professional is responsible for determining these voting shares as per guidelines from the Board. Creditors cannot vote on debts that are unliquidated or if they are not listed as creditors under Section 104. Additionally, associates of the debtor are prohibited from voting. These provisions became effective on December 1, 2019.
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