Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019
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Personal guarantor insolvency framework clarifies definitions and service rules for initiating insolvency resolution proceedings under the Code. Definitions set key terms for insolvency proceedings against personal guarantors: Adjudicating Authority identifies the competent tribunal; Code and electronic form are adopted by reference; 'form' means appended forms; 'guarantor' is a debtor whose invoked guarantee to a corporate debtor is unpaid; service may be effected by registered post, courier or electronic means with an acknowledgement, and where those modes fail documents may be affixed conspicuously; undefined terms take their meanings from the Code.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Personal guarantor insolvency framework clarifies definitions and service rules for initiating insolvency resolution proceedings under the Code.
Definitions set key terms for insolvency proceedings against personal guarantors: Adjudicating Authority identifies the competent tribunal; Code and electronic form are adopted by reference; "form" means appended forms; "guarantor" is a debtor whose invoked guarantee to a corporate debtor is unpaid; service may be effected by registered post, courier or electronic means with an acknowledgement, and where those modes fail documents may be affixed conspicuously; undefined terms take their meanings from the Code.
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