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Application for the Initiation of insolvency resolution process against a personal guarantor

Rule 9 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 mandates an applicant to provide a copy of the application filed under sub-section (1) of section 94 or sub-section (1) of section 95 of the Insolvency and Bankruptcy Code, 2016 for initiation for insolvency resolution process of a personal guarantor to a corporate debtor, inter alia, to the Insolvency and Bankruptcy Board (IBBI) for its record.

For convenience of applicants, the IBBI has made available a facility on its website at for providing a copy of the application online to the Board. The format for submission is at Annexure A. A step-by-step guide for submission of the application is at Annexure B. On submission of the application online, the applicant shall get an acknowledgement. The applicants are encouraged to avail of this facility.


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