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Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 - IBBI/2019-20/GN/REG050 - Insolvency and Bankruptcy
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Insolvency resolution for personal guarantors: rules on professional eligibility, claim registration, creditors' voting, repayment plans and discharge. Regulations create a framework for insolvency resolution of personal guarantors to corporate debtors, prescribing eligibility and disclosure requirements for appointment of a resolution professional, procedures for submission, verification and valuation of claims, maintenance and publication of a list of creditors and preparation of a statement of affairs, detailed rules for convening and conducting creditors' meetings including electronic participation and voting, and comprehensive mandatory contents and permissible measures within a repayment plan together with filing, breach reporting and non-cooperation procedures.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
<h1>Insolvency resolution for personal guarantors: rules on professional eligibility, claim registration, creditors' voting, repayment plans and discharge.</h1> Regulations create a framework for insolvency resolution of personal guarantors to corporate debtors, prescribing eligibility and disclosure requirements for appointment of a resolution professional, procedures for submission, verification and valuation of claims, maintenance and publication of a list of creditors and preparation of a statement of affairs, detailed rules for convening and conducting creditors' meetings including electronic participation and voting, and comprehensive mandatory contents and permissible measures within a repayment plan together with filing, breach reporting and non-cooperation procedures.
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