Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 - G.S.R. 854(E). - Insolvency and Bankruptcy

Personal guarantor insolvency process establishes application, service, excluded assets, and professional appointment rules for resolution.

These rules govern insolvency resolution for personal guarantors to corporate debtors, defining scope, adjudicating authority, service, and excluded assets. They prescribe application routes by guarantor and creditor with mandatory forms, fees and detailed documentary requirements (including statements of affairs, tax returns, guarantee contracts and proof of default). Procedural provisions cover electronic filing, service modalities, transmission of applications to the resolution professional and the Board, sharing of insolvency professional panels, and conditions for withdrawal of applications including Form D and creditor approval post-admission.