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        IBC

        Rule 4 - Relatives

        Insolvency and Bankruptcy (Application to Adjudicating Authority for Bankruptcy Process for Personal Guarantors to Corporate Debtors) Rules, 2019

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        Manner of relationship governs definition of relatives in personal guarantor insolvency applications under the insolvency rules. Definition of relatives for guarantor bankruptcy applications is governed by the manner of relationship as provided in the Explanation to the relevant clause of the general definitions statute, so that the relational categories prescribed there apply to the explanatory provision concerning guarantor insolvency.
                        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.

                              Manner of relationship governs definition of relatives in personal guarantor insolvency applications under the insolvency rules.

                              Definition of relatives for guarantor bankruptcy applications is governed by the manner of relationship as provided in the Explanation to the relevant clause of the general definitions statute, so that the relational categories prescribed there apply to the explanatory provision concerning guarantor insolvency.


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