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MCA Notification No. GSR.854(E) Dated 15/11/19 – Insolvency and Bankruptcy (Application to Adjudicating Authority for Bankruptcy Process for Personal Guarantors to Corporate Debtors) Rules, 2019.

MCA Vide Notification No. GSR.855(E) on 15/11/19, issued Insolvency and Bankruptcy (Application to Adjudicating Authority for Bankruptcy Process for Personal Guarantors to Corporate Debtors) Rules, 2019 which will come into force from the 1st day of December, 2019:-

Rule 1- Short title and commencement

Rule 2- Application

Rule 3- Definitions

Rule 4- Relative

Rule 5- Excluded Asset

Rule 6- Application by guarantor

Rule 7-Application by creditor

Rule 8- Confirmation or nomination of insolvency professional

Rule 9- Public Notice

Rule 10- Notice to creditors

Rule 11- Statement of financial position

Rule 12- Claim with proof

Rule 13- Notice of dividend

Rule 14- Copy of application

Rule 15- Restriction on bankrupt

Rule 16- Filing of application and documents

The said Notification can be accessed through the following link:MCANotif_GSR.854(E)_15112019_ResolutionandBankructyRules fr Personal Guarantors to Corporate Debtors

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