IBC1 min read
Personal Guarantor
An individual who provides a personal guarantee to a creditor for credit facilities availed by a corporate debtor. Under IBC, insolvency proceedings against personal guarantors are adjudicated by DRTs, not NCLT.
Last updated: 17 May 2026
Frequently Asked Questions (FAQs)🔗
Q1. What is Personal Guarantor in Indian corporate law?▼
An individual who provides a personal guarantee to a creditor for credit facilities availed by a corporate debtor. Under IBC, insolvency proceedings against personal guarantors are adjudicated by DRTs, not NCLT.
Q2. Why is Personal Guarantor important for compliance?▼
Personal Guarantor is governed by the Insolvency and Bankruptcy Code, 2016 and regulated by IBBI. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Q3. Who should know about Personal Guarantor?▼
Personal Guarantor is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with IBC regulatory matters in India.
Contextual Analysis & Regulatory Updates🔗
Read our latest analysis and critical updates on corporate circulars related to IBC:
IBBI Extends PGIRP Form Filing Deadline for Personal Guarantor Insolvency Cases to 30th September 2026
Published: 9 July 2026
IBBI Discussion Paper Proposes Amendments to CIRP, Liquidation and Personal Guarantor Regulations — Comments Due 22 July 2026
Published: 2 July 2026
IBBI Personal Guarantor IRP Regulations 2019 – Complete Guide [Amended up to 2 June 2026]
Published: 14 June 2026