The Economic Times

Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedings

New draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and foreign holdings. The Insolvency and Bankruptcy Board of India is tightening disclosure requirements. These regulations aim to cover assets indirectly owned or controlled by guarantors. This move impacts thousands of applications filed under the IBC.