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          <h1>Personal Guarantor Defaults on Repayment Plan: Resolution Professional Must Seek Creditor-Approved Directions Under Section 105</h1> The regulation addresses situations where a personal guarantor fails to submit a repayment plan under section 105 of the Insolvency and Bankruptcy Code. In such cases, the resolution professional must file an application with creditor approval to the Adjudicating Authority, seeking appropriate directions regarding the non-submission of the required repayment plan.

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