IBBI invites comments on Bankruptcy Process for Personal Guarantors to Corporate Debtors along with Draft Regulations

Apr 26, 2019 | by Avantis RegTech Legal Research Team


Commercial Compliance

The Insolvency and Bankruptcy Board of India (IBBI) on April 24, 2019, has invited comments on Bankruptcy Process for Personal Guarantors to Corporate Debtors along with Draft Regulations (Page 8) “Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019” till May 15, 2019.

The Board accordingly solicits comments on the following by May 15, 2019:

a.The specific para in this discussion paper;

b.The specific regulations in the draft Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019.

The procedure for giving comments electronically is also available (Page 6):

•Visit IBBI website, www.ibbi.gov.in

•Select ‘Public Comments’ and then provide your Name, and Email ID;

•Select the stakeholder category;

•Select the discussion paper/regulations, you wish to make a comment upon, from the dropdown menu;

•Select the kind of comments you wish to make;

•If ‘General Comments’ has been selected, please selected options given under that category and then, write comments under the selected option;

• If ‘Specific Comments’ has been selected, select para / regulation number and then sub-para/ sub-regulation number and write comments under the selected para/subpara, or regulation/sub-regulation number;

•Click ‘Submit’.

The regulations will apply to the bankruptcy process for personal guarantors to corporate debtors.


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.