India, Sept. 14 -- The insolvency and bankruptcy regulator has proposed changes to the norms governing the insolvency resolution process for personal guarantors to corporate debtors, including the exclusion of related parties of the guarantor from voting on the repayment plan. Besides, the Insolvency and Bankruptcy Board of India (IBBI) plans to make valuation of a personal guarantor's assets mandatory during the resolution process, as well as put in place the framework for recording creditors' deliberations on the repayment plan. In the proposed amendments to the rules to strengthen safeguards in the insolvency resolution process for personal guarantors to corporate debtors, IBBI has also called for identification and reporting of avoida...