[Challenge to IBC provisions] Supreme Court clubs pleas, extends protection to personal guarantor

The petition challenges several provisions of the IBC for excluding the right of a personal guarantor to defend itself through hearings.
Justices Dinesh Maheswari and Krishna Murari
Justices Dinesh Maheswari and Krishna Murari

The Supreme Court on Thursday granted interim protection to a personal guarantor in a plea challenging several provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) for being violative of the principles of natural justice, and the rights to property and a fair hearing [Gaurav Garg v. Union of India and ors].

Want to read the full story?

We’re glad you’re enjoying this story. Subscribe to any of our plans to continue reading the story.

Already have an account? Sign In
Bar and Bench - Indian Legal news