Prescribed bankruptcy process forms notified for personal guarantor proceedings, including trustee consent and proxy appointment formats.

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Full Text of the Document

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....IBBI has specified two prescribed formats under the Bankruptcy Process for Personal Guarantors to Corporate Debtors Regulations, 2019, as amended in 2026. Form A is the written consent for an insolvency professional to act as bankruptcy trustee under regulation 3(3), and Form B is the proxy appointment form for a creditor's committee meeting under regulation 26(2). The circular also states that the enclosed annexure contains the formats and issues them in exercise of powers under the Code and the regulations.....