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