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of <h1>Regulation 17 mandates clear repayment plans for personal guarantors, covering costs, family needs, and resolution professional roles.</h1> Regulation 17 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 outlines the contents required in a repayment plan. It mandates detailing the term, implementation schedule, and source of funds, prioritizing resolution process costs over creditor repayments. It requires a minimum budget for the guarantor's family expenses, financing needs, and business conduct during the plan. The plan should specify the resolution professional's role, handling of funds, and terms for the guarantor's discharge. Optional provisions include asset sales, fund administration, creditor payment modifications, and income allocation for debt repayment.
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