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    <title>Standard claim, consent and proxy formats prescribed for personal guarantor insolvency resolution processes.</title>
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    <description>IBBI prescribed standard formats for the insolvency resolution process for personal guarantors to corporate debtors under the amended 2019 Regulations. The circular specifies Form A for an insolvency professional&#039;s written consent to act as resolution professional, including declarations on registration, disciplinary status, eligibility, disclosures, and concurrent processes; Form B for a creditor&#039;s proof of claim, covering claim details, supporting documents, disputes, set-off, security, repayment-plan banking details, and forfeiture election by secured creditors; and Form C for a proxy authorising attendance and voting at creditors&#039; meetings. The enclosed forms are to be used in the process as notified through circular.</description>
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    <pubDate>Mon, 08 Jun 2026 11:23:56 +0530</pubDate>
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