https://www.taxtmi.com/acts?id=37988 Regulation 3 sets out the definitional framework for the insolvency resolution process of personal guarantors to corporate debtors, including the meanings of associate, corporate debtor, electronic means, participant, resolution process, commencement date, and resolution process costs. It also provides that undefined expressions in these regulations take their meanings from the Code and the corresponding rules. Participant includes creditors, the guarantor, the resolution professional, and other authorised attendees, while resolution process costs cover professional fees, related expenses, finance raised for the process, and other directly relatable costs, subject to creditor approval or ratification. en-us Thu, 21 Nov 2019 12:38:39 +0530 Sat, 06 Jun 2026 10:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37988 Regulation 3 sets out the definitional framework for the insolvency resolution process of personal guarantors to corporate debtors, including the meanings of associate, corporate debtor, electronic means, participant, resolution process, commencement date, and resolution process costs. It also provides that undefined expressions in these regulations take their meanings from the Code and the corresponding rules. Participant includes creditors, the guarantor, the resolution professional, and other authorised attendees, while resolution process costs cover professional fees, related expenses, finance raised for the process, and other directly relatable costs, subject to creditor approval or ratification. Act-Rules IBC Thu, 21 Nov 2019 12:38:39 +0530 https://www.taxtmi.com/acts?id=37988