TaxTMI 
TaxTMI 
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.
FORM FOR PUBLIC ANNOUNCEMENT
20 Aug 2024 
3 Replies 
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Public announcement requirements for personal guarantor insolvency must include statutory ingredients despite CIRP forms being inapplicable.
An IRP in a personal guarantor insolvency must issue a public advertisement that is not bound to corporate FORM A; IBBI confirms CIRP forms are inapplicable to personal guarantor cases. The advertisement may be in any form provided it includes the statutory and regulatory ingredients: identification of the debtor and insolvency commencement, IRP contact details, last date and modes for claim submission, notification on creditor classes and authorised representatives where applicable, and a warning against false claims. (AI Summary)
An IRP in a personal guarantor insolvency must issue a public advertisement that is not bound to corporate FORM A; IBBI confirms CIRP forms are inapplicable to personal guarantor cases. The advertisement may be in any form provided it includes the statutory and regulatory ingredients: identification of the debtor and insolvency commencement, IRP contact details, last date and modes for claim submission, notification on creditor classes and authorised representatives where applicable, and a warning against false claims. (AI Summary)