Insolvency and bankruptcy coverage extends to companies, LLPs, guarantors, firms and individuals across liquidation and bankruptcy matters. The Insolvency and Bankruptcy Code, 2016 applies to companies, limited liability partnerships, notified bodies corporate, personal guarantors to corporate ... Summary
Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019
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Insolvency and bankruptcy coverage extends to companies, LLPs, guarantors, firms and individuals across liquidation and bankruptcy matters.
The Insolvency and Bankruptcy Code, 2016 applies to companies, limited liability partnerships, notified bodies corporate, personal guarantors to corporate debtors, partnership firms, proprietorship firms and individuals, in relation to insolvency, liquidation, voluntary liquidation or bankruptcy. Companies governed by special Acts are covered only to the extent the Code is not inconsistent with those special enactments. The provision also reflects phased commencement for different categories.
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