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of <h1>Section 135 of Insolvency Code: Voting Rights for Creditors in Bankruptcy Proceedings Explained</h1> Section 135 of the Insolvency and Bankruptcy Code, 2016, outlines the voting rights of creditors in bankruptcy proceedings for individuals and partnership firms. Creditors listed under section 132 or their proxies can vote on resolutions at creditors' meetings based on their assigned voting share, determined by the resolution professional. Creditors cannot vote on unliquidated debts. Creditors not listed under section 132, those not notified by the bankruptcy trustee, and associates of the bankrupt are excluded from voting. These provisions became effective on December 1, 2019.
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