Understanding The Role Of Personal Guarantors In IBC Claim Filing
Ancoraa Resolution24 Feb, 2024Finance
The Insolvency and Bankruptcy Code (IBC) has completely rewritten the bankruptcy framework for individuals and organizations, hence bringing about a paradigm shift in the Indian legal system. One area that has garnered significant attention is the incorporation of personal guarantors into the IBC. This suggests that personal guarantors can file for bankruptcy Claim filing under IBC at the same time or later if a corporate debtor files.
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