https://www.taxtmi.com/article/detailed?id=12375 Application to initiate insolvency resolution against a personal guarantor was grounded on invocation of a personal guarantee amid an existing corporate insolvency. The Authority addressed limitation and procedural objections, relied on the IRP's recommendation and the guarantor's acknowledgment of the guarantee, and directed appointment and reporting by an IRP, publication of a public announcement for claims, compilation of a creditor list, preparation and submission of a repayment plan authorizing specified powers, periodic RP reports, and application of the moratorium restricting debt-related actions. en-us Wed, 28 Feb 2024 10:20:25 +0530 Wed, 28 Feb 2024 10:20:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12375 Application to initiate insolvency resolution against a personal guarantor was grounded on invocation of a personal guarantee amid an existing corporate insolvency. The Authority addressed limitation and procedural objections, relied on the IRP's recommendation and the guarantor's acknowledgment of the guarantee, and directed appointment and reporting by an IRP, publication of a public announcement for claims, compilation of a creditor list, preparation and submission of a repayment plan authorizing specified powers, periodic RP reports, and application of the moratorium restricting debt-related actions. Articles Corporate Laws / IBC / SEBI Wed, 28 Feb 2024 10:20:25 +0530 https://www.taxtmi.com/article/detailed?id=12375