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of <h1>Insolvency Board Clarifies Voting Rules for Homebuyers in Jaypee Infratech Insolvency; Warns Against Unauthorized Pre-Polling.</h1> The circular from the Insolvency and Bankruptcy Board of India addresses confusion among financial creditors, specifically homebuyers, regarding voting procedures in the corporate insolvency resolution process of Jaypee Infratech Limited. It highlights that unauthorized internal voting or pre-polling could disrupt the process and violate the Insolvency and Bankruptcy Code, 2016. The circular emphasizes compliance with regulations that require the authorized representative to circulate the agenda and minutes to creditors, announcing a voting window at least 24 hours in advance and keeping it open for at least 12 hours. The Resolution Professional must ensure adherence to these procedures and inform creditors accordingly.
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