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of <h1>Insolvency Regulation 25: Voting Procedures for Corporate Insolvency Resolution Outlined, Ensures Transparency and Electronic Accessibility</h1> Regulation 25 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, outlines the voting process by the committee. It mandates that actions listed in section 28(1) and other necessary actions be considered in committee meetings. The resolution professional must conduct a vote among present members and announce the results, including individual votes. Minutes of the meeting must be circulated electronically within 48 hours, and voting for absent members is facilitated through an electronic system, open for a specified period. The authorized representative communicates the voting window to creditors and ensures it remains open for at least twelve hours.
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