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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Personal Guarantors: Apply for Bankruptcy Process Under Rule 6 with Form A and Notify Creditors and Corporate Debtor.</h1> Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Bankruptcy Process for Personal Guarantors to Corporate Debtors) Rules, 2019 outlines the procedure for a personal guarantor to apply for a bankruptcy process. The guarantor must submit the application in Form A, accompanied by a fee of two thousand rupees. Additionally, the guarantor is required to promptly provide a copy of this application to each creditor and the corporate debtor for whom they serve as a personal guarantor.
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