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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Guarantor Non-Cooperation in Insolvency Resolution: Regulation 22 Requires Documentation and Submission to Adjudicating Authority for Directions.</h1> Regulation 22 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 addresses non-cooperation by a guarantor. If a guarantor fails to cooperate during the resolution process or the implementation of the repayment plan, the resolution professional must document this non-cooperation and submit a statement to the Adjudicating Authority to seek appropriate directions.
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