IBC provisions on insolvency of personal guarantor: Supreme Court expresses inclination to transfer all petitions to itself, reserves order

After a brief hearing on the issue of transfer, the Court reserved its order while expressing its inclination to allow the plea.
Supreme Court
Supreme Court

The Supreme Court today reserved its order in a batch of petitions filed by the Insolvency and Bankruptcy Board of India (IBBI) seeking transfer of all writ petitions assailing Insolvency and Bankruptcy Code (IBC) provisions on insolvency of personal guarantors pending before High Courts to the Apex Court.

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