Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
IBBI has specified two prescribed formats under the Bankruptcy Process for Personal Guarantors to Corporate Debtors Regulations, 2019, as amended in 2026. Form A is the written consent for an insolvency professional to act as bankruptcy trustee under regulation 3(3), and Form B is the proxy appointment form for a creditor's committee meeting under regulation 26(2). The circular also states that the enclosed annexure contains the formats and issues them in exercise of powers under the Code and the regulations.
IBBI has specified two prescribed formats under the Bankruptcy Process for Personal Guarantors to Corporate Debtors Regulations, 2019, as amended in 2026. Form A is the written consent for an insolvency professional to act as bankruptcy trustee under regulation 3(3), and Form B is the proxy appointment form for a creditor's committee meeting under regulation 26(2). The circular also states that the enclosed annexure contains the formats and issues them in exercise of powers under the Code and the regulations.
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