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of <h1>Regulation 26 allows creditors to appoint non-associate proxies for voting in bankruptcy meetings, requiring Form B submission.</h1> Regulation 26 of the Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, addresses voting by proxy. It allows a creditor, who has voting rights, to appoint an individual as a proxy to attend and vote at meetings, provided the proxy is not an associate of the bankrupt. The creditor must submit Form B, completed, to the bankruptcy trustee at least 24 hours before the meeting. Proxies are permitted to vote electronically on behalf of the creditor.
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