Statutory Meaning & Definition
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.
Frequently Asked Questions (FAQs)
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.
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.
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 Circulars
Recent analysis and regulatory updates related to IBC:
IBBI Further Extends PGIRP Form Filing Deadline to December 31, 2026
Published: 24 September 2026
IBBI Circular 2026: Interim Moratorium for Personal Guarantors Ceased on 26 May 2026, Including Pending Applications
Published: 21 September 2026
IBBI Discussion Paper: 4 Proposed Safeguards for Personal Guarantor Insolvency Resolution
Published: 14 September 2026
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