Supreme Court to consider IBBI plea to transfer petitions challenging IBC provisions on personal guarantor from High Courts

The Bench of Justices L Nageswara Rao, Hemant Gupta and Ajay Rastogi issued notice in a batch of over 11 transfer petitions filed by IBBI.
Supreme Court to consider IBBI plea to transfer petitions challenging IBC provisions on personal guarantor from High Courts
Supreme Court

The Supreme Court recently agreed to consider the plea filed by Insolvency and Bankruptcy Board of India (IBBI) seeking transfer of a batch of petitions challenging the IBC provisions relating to insolvency of personal guarantors (Insolvency and Bankruptcy Board of India v. Lalit Kumar Jain & Ors).

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