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of <h1>Key Terms in Insolvency Resolution for Personal Guarantors Defined Under 2019 Regulations, Including Roles and Costs</h1> The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, defines key terms used in the regulations. These include 'associate,' 'Code,' 'corporate debtor,' 'electronic means,' 'form,' 'participant,' 'resolution process,' 'resolution process commencement date,' and 'resolution process costs.' The definitions clarify roles and processes within the insolvency resolution for personal guarantors, detailing responsibilities, communication methods, and cost structures. Terms not defined within these regulations are ascribed meanings from the Insolvency and Bankruptcy Code, 2016, and related rules.
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