Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019
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Application by guarantor requires Form A, a prescribed fee, and prompt service to financial creditors and the corporate debtor. An application by a personal guarantor must be submitted to the Adjudicating Authority in Form A with the prescribed application fee, and the guarantor must promptly serve a copy of the application on every financial creditor and on the corporate debtor for whom the guarantor is a personal guarantor.
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.
Application by guarantor requires Form A, a prescribed fee, and prompt service to financial creditors and the corporate debtor.
An application by a personal guarantor must be submitted to the Adjudicating Authority in Form A with the prescribed application fee, and the guarantor must promptly serve a copy of the application on every financial creditor and on the corporate debtor for whom the guarantor is a personal guarantor.
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