The Insolvency and Bankruptcy Code, 2016
IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
Chapter V – Repayment plan
Regulation 22: Non-cooperation by guarantor.
22. In the event of non-cooperation of the guarantor at any time during the resolution process period or during the implementation of the repayment plan, the resolution professional shall prepare a statement to this effect and file the same with the Adjudicating Authority for appropriate directions.
Access complete Bare Act here. To research Section and sub-section wise judgments, visit here.
Follow for daily updates: