Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) (Amendment) Regulations, 2025
After regulation 17A, the following regulation shall be inserted, namely: –
17B. Non-submission of repayment plan
Where no repayment plan has been prepared by the debtor under section 105 of the Code, the resolution professional shall file an application, with the approval of creditors, before the Adjudicating Authority intimating the non-submission of a repayment plan and seek appropriate directions.
Link – https://ibbi.gov.in/uploads/legalframwork/115a93d153a21b2507f8663667d600b0.pdf
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