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of <h1>Insolvency Rules 2019 clarify terms for personal guarantors in debt cases under Insolvency and Bankruptcy Code 2016.</h1> The Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, define key terms for the insolvency process. 'Adjudicating Authority' refers to the National Company Law Tribunal or the Debt Recovery Tribunal, depending on the context. The 'Code' is the Insolvency and Bankruptcy Code, 2016. 'Guarantor' is a debtor who is a personal guarantor to a corporate debtor with an unpaid invoked guarantee. 'Serve' involves communication methods that acknowledge receipt. Undefined terms in these rules adopt meanings from the Code.
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