Taxmann's Analysis | Innovating Insolvency – IBBI's Progressive Approach to Personal Guarantor Cases
About this ebook
This article discusses the proposal to appoint a Resolution Professional (RP) in Personal Guarantors (PG) cases to streamline Insolvency Proceedings. The proposal also suggests sharing a copy of the RP's report with both the debtor and the creditor to enhance clarity. Additionally, it advocates making the meeting of the creditors mandatory in all PG insolvency matters.
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