IBBI Releases Discussion Paper on Appointment of RP & Sharing of Report Prepared by the RP With Personal Guarantor
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- By Chetan Kulasri
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- Last Updated on 29 September, 2023
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Discussion paper, Dated: 27.09.2023
The IBBI has notified discussion paper on the appointment of RP, sharing of report prepared by the RP u/s 99 of the IBC with the personal guarantor and the creditors and mandating summoning of the meeting of the creditors u/s 106 of the IBC.
The discussion paper mainly solicits comments on certain issues which include appointment of RP in the insolvency resolution process of personal guarantors (PGs) to corporate debtors, sharing a copy of report prepared by the RP with the debtor and creditor u/s 99 of the IBC and mandating summoning of the meeting of the creditors u/s 106.
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