The insolvency regulator on Thursday proposed the withdrawal of interim moratorium protection for personal guarantors to a stressed firm, seeking to align the regulation with the recently amended bankruptcy law to ensure such guarantors don’t abuse the relief to stall recovery proceedings. Before the latest amendment to the Insolvency and Bankruptcy Code (IBC), an interim moratorium would kick in from the time an insolvency application was filed against personal guarantors. This prevented creditors from proceeding with recovery while the application was pending with the adjudicating authority.