Search: personal guarantor

September 2026

• 24Sep

  InsolvencyPersonal guarantor insolvency: last date for PGIRP forms extended to 31 December 2026

  31 December 2026Extended

  IBBI has further extended the deadline for electronic forms PGIRP-1 to PGIRP-6 from 30 September to 31 December 2026. Penalties for delayed submission or modification will be levied only after that date.

• 21Sep

  InsolvencyNo interim moratorium for personal guarantors from 26 May 2026, even where the application was already pending: IBBI Circular 106 cites Bombay and Delhi High Courts

  No interim moratorium from 26 MayClarified

  IBBI has told insolvency professionals that the interim moratorium under section 96 (and section 124) of the Insolvency and Bankruptcy Code, in respect of a personal guarantor to a corporate debtor, ceased to operate from 26 May 2026 for applications pending before the Adjudicating Authority on that date. The circular rests on judgments of the Bombay High Court (24 July 2026) and the Delhi High Court (19 August 2026).

• 12Sep

  InsolvencyIBBI proposes four CIRP-style safeguards for personal guarantor insolvency — related parties to get nil vote, mandatory valuation; comments closed on 3 October 2026

  Proposal — comments closed 3 OctComments invited

  An IBBI discussion paper proposes four amendments to the regulations for insolvency resolution of personal guarantors to corporate debtors: nil voting share for related parties of the guarantor, examination and reporting of avoidance transactions, valuation of the guarantor’s assets by a registered valuer, and recording of creditors’ reasons on the repayment plan. These are proposals only. The last date for comments was 3 October 2026, which has passed.