<h1>IBBI Amends Insolvency Regulations: Electronic Minutes, Voting Protocols, Priority to Operational Creditors, Record Retention Mandates.</h1> The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency Resolution Process for Corporate Persons Regulations, 2016. The amendment requires resolution professionals to circulate meeting minutes electronically to authorized representatives, who then share them with financial creditors in a class. Voting windows must be announced 24 hours in advance and remain open for at least 12 hours. The amendment prioritizes payments to operational creditors over financial creditors in resolution plans and removes references to dissenting financial creditors. Additionally, resolution professionals must preserve records related to insolvency processes according to a retention schedule. The amendments are effective immediately.