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of <h1>Voting Shares in Creditor Meetings: Regulation 24 Details Allocation Based on Debt, Secured Interests, and Relinquished Security.</h1> Regulation 24 of the Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, outlines the voting share allocation in creditor meetings. Each creditor's voting share corresponds to the debt owed to them. For secured creditors enforcing their security interest, the voting share is based on the unsecured portion of the debt. If a secured creditor relinquishes their security interest, their voting share is proportional to the relinquished debt amount.
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