https://www.taxtmi.com/notifications?id=145952 Amendment regulations under the Insolvency and Bankruptcy framework revise the bankruptcy process for personal guarantors to corporate debtors by replacing prescribed forms with forms notified by circular, updating the relevant cross-reference to section 164A, and inserting a new mechanism for facilitation of transfer of assets. The bankruptcy trustee must coordinate with the resolution professional, obtain committee of creditors approval for the transfer, and ensure appropriate disclosure where approval is granted. en-us Mon, 01 Jun 2026 00:00:00 +0530 Fri, 05 Jun 2026 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=145952 Amendment regulations under the Insolvency and Bankruptcy framework revise the bankruptcy process for personal guarantors to corporate debtors by replacing prescribed forms with forms notified by circular, updating the relevant cross-reference to section 164A, and inserting a new mechanism for facilitation of transfer of assets. The bankruptcy trustee must coordinate with the resolution professional, obtain committee of creditors approval for the transfer, and ensure appropriate disclosure where approval is granted. Notifications IBC Mon, 01 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/notifications?id=145952