Bankruptcy process forms for personal guarantors: prescribed consent and proxy formats govern trustee appointment and creditor voting. Formats are specified for use under the Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, as amended. The circular identifies the annexed formats for the relevant regulatory requirements. Form A is the written consent to act as bankruptcy trustee under regulation 3(3), and Form B is the proxy appointment form under regulation 26(2) for a creditor to appoint a proxy to attend and vote at a committee meeting.
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Bankruptcy process forms for personal guarantors: prescribed consent and proxy formats govern trustee appointment and creditor voting.
Formats are specified for use under the Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, as amended. The circular identifies the annexed formats for the relevant regulatory requirements. Form A is the written consent to act as bankruptcy trustee under regulation 3(3), and Form B is the proxy appointment form under regulation 26(2) for a creditor to appoint a proxy to attend and vote at a committee meeting.
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