Personal Guarantors under IBC

-Megha Mittal

(resolution@vinodkothari.com)

The Ministry of Corporate Affairs, vide notification dated 15.11.2019, has notified sections 94-187 , read with section 60 of the Insolvency and Bankruptcy Code, 2016, dealing with insolvency resolution and bankruptcy process for non-corporate insolvency, insofar as they relate to personal guarantors to corporate debtors.  Further, the rules & regulations w.r.t. insolvency process of personal guarantors, along with regulations on bankruptcy process of personal guarantors have also been notified.

Our presentation on insolvency and bankruptcy process of personal guarantors to corporate debtors is here- http://vinodkothari.com/wp-content/uploads/2019/11/Personal-Insolvency-and-Bankruptcy-2019.pdf

 

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