Form No. FORM A - APPLICATION BY GUARANTOR TO INITIATE INSOLVENCY RESOLUTION PROCESS-Application to Adjudicating Authority for Insolvency Resolution Process
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Initiation of personal guarantor insolvency: Form A requirements and documentary evidence to commence resolution proceedings. Application by a personal guarantor to initiate insolvency resolution is made on Form A, requiring detailed personal particulars, asset listings with ... Summary
Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019
Initiation of personal guarantor insolvency: Form A requirements and documentary evidence to commence resolution proceedings.
Application by a personal guarantor to initiate insolvency resolution is made on Form A, requiring detailed personal particulars, asset listings with identification of excluded assets, creditor wise debt particulars including security and retention of title details, and a statement that claimed debts exclude specified categories. The form demands documentary proof of debts, a recent statement of affairs covering assets, liabilities, guarantees and financials, and, where applicable, a resolution professional's registration, disclosures and consent to act. The guarantor must declare and verify the truthfulness of the application and attach prescribed supporting documents.
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