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Skip to content
  • Home
    • About us
    • Contact Us
    • Help/Usage Tips
  • Companies Act
    • Companies Act, 2013
    • Rules
    • Schedules
  • IB Code
    • Insolvency and Bankruptcy Code, 2016
    • Regulations
    • Rules
  • SEBI
    • Listing Obligation and Disclosure Requirements
    • Additional Circular
      • Circular on fund raising by issuance of Debt Securities by Large Entities
      • Circular for implementation of recommendations of the Committee on Corporate Governance under the Chairmanship of Shri Uday Kotak
    • Prohibition of Insider Trading
    • Takeover Code
  • E-Repository
  • E-Resources
    • Secretarial Standards
    • ADT-1 Form filler and Consent letter generator
    • DIR-2 Consent from the Director and Register of Directors & KMP update
    • CimplyFive’s Text of Model Resolutions under the Companies Act, 2013
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2.16. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019.

      • Preamble

CHAPTER I. PRELIMINARY

      1. Short title and commencement.
      2. Application.
      3. Definitions.
      4. Eligibility of resolution professional.
      5. Preservation of records.
      6. Debt counselling.

Chapter II. REGISTRATION OF CLAIMS

      1. Submission and verification of claim.
      2. Transfer of debt due to creditors.
      3. List of creditors.
      4. Statement of affairs.

Chapter III. MEETINGS OF CREDITORS AND VOTING

      1. Meeting of creditors.
      2. Contents of the notice for a meeting.
      3. Quorum.
      4. Conduct of meeting.
      5. Voting by creditors.
      6. Voting by proxy. 

Chapter IV. REPAYMENT PLAN

      1. Contents of repayment plan.
      2. Purchase of assets by certain persons.
      3. Filing with the Adjudicating Authority.
      4. Breach of repayment plan by the guarantor.
      5. Application for discharge order.
      6. Non-cooperation by guarantor
      7. Filing of Forms

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