TaxTMI 
TaxTMI 
Formats under the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
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.... Guarantors to Corporate Debtors) Regulations, 2019 Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (IRP for PG to CD Regulations), as amended by the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) (Amendment) Regulations, 2026 specify various forms relating to the process to be notified by Board through circular. 2. Accordingly, in exercise of the powers conferred under section 196 of the Code read with the IRP for PG to CD Regulations, the following formats are hereby specified: Sl. No. Regulation Description Form 1 Regulation 4(2) Written Consent to Act as....
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....roposed appointment for the resolution process of [name of the guarantor] 3. I declare and affirm as under: - (a) I am registered with the Board as an insolvency professional. (b) I am not subject to any disciplinary proceedings initiated by the Board or the insolvency professional agency. (c) I do not suffer from any disability to act as a resolution professional. (d) I am eligible to be appointed as resolution professional of the guarantor under regulation 3 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 and other applicable provisions of the Code and regulations. (e) I shall make the disclosures ....
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....tion number of creditor Aadhaar Number PAN CIN GSTIN 3. Address Present Permanent Business 4. Email 5. Total amount of claim (Including any interest as on the resolution process commencement date) 6. Details of documents by reference to which the debt is substantiated 7. Details of any dispute, as well as the record of such dispute with respect to claim (if any) 8. Details of how debt was incurred and the date when such debt was incurred 9. Details of any mutual credit, mutual debts, or other mutual dealings between the guarantor and the creditor, which may ....
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....ents and siblings of the guarantor Signature of creditor or person authorised to act on his behalf [Please enclose the authorisation document if this form is being submitted on behalf of a creditor] Name in block letters Address of person signing Declaration I, [name of creditor], currently residing at [insert address], hereby declare and state as follows :- 1. [Name of guarantor], the guarantor was, at the resolution process commencement date, being the [date] of [year], indebted to me to the sum of Rs. [insert amount of claim]. 2. In respect of my claim of the said sum or any part thereof, I have relied on the following documents: (a) (b) (c) (d) . . . ....