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of <h1>Regulation 25: Creditors' Vote Process in Personal Guarantor Bankruptcy Cases Requires 50% Approval of Voting Shares</h1> Regulation 25 of the Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, outlines the voting process by the committee of creditors. The bankruptcy trustee conducts a vote on agenda items during meetings and records the outcome, including creditor names and their voting positions. Minutes are circulated electronically within 48 hours, and absent creditors can vote electronically for at least 24 hours. Decisions require more than 50% approval of voting shares. The trustee records and circulates the final decision to all participants within 24 hours post-voting.
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