FORM FOR PUBLIC ANNOUNCEMENT

[DR.MARIAPPAN GOVINDARAJAN]

Dear Experts,

I was appointed as IRP in one personal guarantor case. I have to issue public announcement. There is no prescribed format in the Code and regulations. Can any one can make it available to me.

Thanks in advance.

AI Summary

IRP Seeks Guidance on Public Announcement Format for Personal Guarantor Cases; CIRP Forms Deemed Inapplicable by IBBI An individual appointed as an Interim Resolution Professional (IRP) for a personal guarantor case sought guidance on issuing a public announcement, noting the absence of a prescribed format in the Code and regulations. A respondent provided a format under the Corporate Insolvency Resolution Process (CIRP) regulations, which was clarified as inapplicable to personal guarantor cases. The individual confirmed that the Insolvency and Bankruptcy Board of India (IBBI) clarified the CIRP forms are not suitable for personal guarantors, and any advertisement should include necessary elements as per the Act and regulations.