SC Upholds Provisions of IBC that deal with the insolvency of personal guarantors

Today, the Supreme Court upheld the provisions of the Insolvency and Bankruptcy Code related to insolvency of personal guarantors brought under the Code’s scope in 2019. A Division Bench comprising Hon’ble Justice L Nageshwara Rao and Hon’ble Justice Ravindra Bhat delivered its order after the Supreme Court transferred to itself, pleas challenging notification dated 15.11.2019

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