https://www.taxtmi.com/acts?id=38005 Regulation 20 requires the resolution professional, upon forming an opinion that a guarantor has failed to implement the repayment plan, to issue notice within three days and require the guarantor to remedy the failure or explain it within fifteen days; if remedied or satisfactorily explained, the resolution professional must report to creditors within seven days, and otherwise may apply to the Adjudicating Authority for directions if the failure threatens implementation of the repayment plan. en-us Thu, 21 Nov 2019 12:48:01 +0530 Thu, 21 Nov 2019 12:48:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38005 Regulation 20 requires the resolution professional, upon forming an opinion that a guarantor has failed to implement the repayment plan, to issue notice within three days and require the guarantor to remedy the failure or explain it within fifteen days; if remedied or satisfactorily explained, the resolution professional must report to creditors within seven days, and otherwise may apply to the Adjudicating Authority for directions if the failure threatens implementation of the repayment plan. Act-Rules IBC Thu, 21 Nov 2019 12:48:01 +0530 https://www.taxtmi.com/acts?id=38005