IBBI Introduces Regulation on Non-Submission of Repayment Plan by Personal Guarantors
Introduction With the objective of streamlining the insolvency resolution process for personal guarantors to corporate debtors, IBBI1 has introduced Regulation 17B through the IBBI, via Notification No. IBBI/2025-26/GN/REG125, effective from May 19, 2025. This new provision specifically addresses the failure of personal guarantors to submit a repayment plan, thereby enhancing the efficiency of the insolvency process. Prior to this amendment, […]
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