https://www.taxtmi.com/article/detailed?id=12541 The Code allows initiation of insolvency proceedings against a personal guarantor, appointment of a Resolution Professional, admission and verification of claims, and preparation of a repayment plan requiring creditor approval and Adjudicating Authority confirmation. If creditors reject the repayment plan the Authority may reject it, permit creditors to pursue bankruptcy, and direct payment of the Resolution Professional's fees and expenses as approved by creditors. en-us Sat, 20 Apr 2024 11:32:56 +0530 Sat, 20 Apr 2024 11:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12541 The Code allows initiation of insolvency proceedings against a personal guarantor, appointment of a Resolution Professional, admission and verification of claims, and preparation of a repayment plan requiring creditor approval and Adjudicating Authority confirmation. If creditors reject the repayment plan the Authority may reject it, permit creditors to pursue bankruptcy, and direct payment of the Resolution Professional's fees and expenses as approved by creditors. Articles Corporate Laws / IBC / SEBI Sat, 20 Apr 2024 11:32:56 +0530 https://www.taxtmi.com/article/detailed?id=12541