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of <h1>Guarantor seeks insolvency resolution under Insolvency and Bankruptcy Rules, 2019; detailed financial info and documents required.</h1> An application by a guarantor to initiate an insolvency resolution process under the Insolvency and Bankruptcy Rules, 2019, involves submitting detailed personal, financial, and business information to the adjudicating authority. The form requires particulars of the guarantor, including personal details, income, assets, liabilities, and business interests. It also necessitates information about the debts, creditors, and any guarantees provided. If a resolution professional is involved, their details and declarations are required. The application must be supported by various documents, such as financial statements, tax returns, and proof of payment of the application fee.
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