The Insolvency and Bankruptcy Board of India (IBBI) has ushered in a significant change for personal guarantors of corporate debtors. Effective January 31, 2024, the IBBI has amended the "Bankruptcy Process for Personal Guarantors to Corporate Debtors, Regulations, 2019," removing the restriction that prevented the same insolvency professional (IP) from handling both the company's resolution process and the personal guarantor's bankruptcy proceedings. This move aims to improve the efficiency and coordination of these interconnected cases.   Previously, separate IPs had to be appointed for the company and its guarantors, even...