Voting rights of creditors
Section 135 of the Insolvency and Bankruptcy Code, 2016 deals with voting rights of creditors. Every creditor mentioned in the list under section 132 or his proxy shall be entitled to vote in respect of the resolutions in the meeting of the creditors in accordance with the voting share assigned to him. The Act was enacted on 28 May 2016.
(1) Every creditor mentioned in the list under section 132 or his proxy shall be entitled to vote in respect of the resolutions in the meeting of the creditors in accordance with the voting share assigned to him.
(2) The resolution professional shall determine the voting share to be assigned to each creditor in the manner specified by the Board.
(3) A creditor shall not be entitled to vote in respect of a debt for an unliquidated amount.
(4) The following creditors shall not be entitled to vote under this section, namely:—
(a) creditors who are not mentioned in the list of creditors under section 132 and those who have not been given a notice by the bankruptcy trustee;
(b) creditors who are associates of the bankrupt.
Section 135, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Cross-references
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This section refers to
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1 instrument names this provision in its title or its text without being made under it.
Questions about Section 135
What does Section 135 of the Insolvency and Bankruptcy Code deal with?
Section 135 of the Insolvency and Bankruptcy Code is headed "Voting rights of creditors". Every creditor mentioned in the list under section 132 or his proxy shall be entitled to vote in respect of the resolutions in the meeting of the creditors in accordance with the voting share assigned to him.
How do I find court cases under Section 135 of the Insolvency and Bankruptcy Code?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Insolvency and Bankruptcy Code 135, section 135 Insolvency and Bankruptcy Code, section 135 of the Insolvency and Bankruptcy Code. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 135 of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 132 (Preparation of list of creditors), so none of them can safely be read on its own. One instrument names it without being made under it, most recently Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (2019).
When was Section 135 of the Insolvency and Bankruptcy Code enacted?
Section 135 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 135, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.
Other sections of this Act
- 240. Power to make regulations2349 words
- 5. Definitions2326 words
- 3. Definitions1381 words
- 29A. Person not eligible to be resolution applicant1152 words
- 239. Power to make rules963 words
- 196. Powers and functions of Board942 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 20 Oct 2026. This page is not a substitute for legal advice.