[Breaking] Supreme Court upholds provisions of Insolvency and Bankruptcy Code on insolvency of personal guarantors

Last year, the apex court transferred to itself petitions challenging a notification dated November 15, 2019, introducing certain provisions to the IBC relating to insolvency of personal guarantors.
[Breaking] Supreme Court upholds provisions of Insolvency and Bankruptcy Code on insolvency of personal guarantors
Justices L Nageswara Rao and Ravindra Bhatt

The Supreme Court on Friday upheld the provisions of the Insolvency and Bankruptcy Code (IBC) relating to insolvency of personal guarantors, that were brought into force in 2019 (Lalit Kumar Jain v. Union of India).

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