Form No. FORM C - APPLICATION BY CREDITOR TO INITIATE INSOLVENCY RESOLUTION PROCESS - Application to Adjudicating Authority for Insolvency Resolution Process
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Insolvency resolution for personal guarantor requires Form C with detailed debtor, debt, and documentary evidence for admissibility. Form C prescribes the creditor's application to initiate an insolvency resolution process against a personal guarantor, requiring detailed particulars of ... Summary
Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019
Insolvency resolution for personal guarantor requires Form C with detailed debtor, debt, and documentary evidence for admissibility.
Form C prescribes the creditor's application to initiate an insolvency resolution process against a personal guarantor, requiring detailed particulars of the applicant and guarantor, a full inventory of assets and liabilities, comprehensive particulars of the debt and default, declarations as to excluded debts, a secured creditor's election on forfeiture of enforcement rights affecting voting share, insolvency professional disclosures and acceptance, payment of fee, and specified documentary attachments to establish debt and default.
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