Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapter V REPAYMENT PLAN
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Non-cooperation by guarantor triggers filing by the resolution professional for directions from the adjudicating authority during the repayment plan process. If a guarantor fails to cooperate during the insolvency resolution process or during implementation of a repayment plan, the resolution professional must ... Summary
Non-cooperation by guarantor triggers filing by the resolution professional for directions from the adjudicating authority during the repayment plan process.
If a guarantor fails to cooperate during the insolvency resolution process or during implementation of a repayment plan, the resolution professional must prepare a statement of that non cooperation and file it with the Adjudicating Authority to obtain appropriate directions.
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