Personal insolvency law: Delhi HC issues notices for writ petition filed by local businessman – Economic Times

New Delhi: At a time when business owners such as Anil Ambani and Venugopal Dhoot are trying to defend their family assets from getting attached as lenders stake claim on loans with personal guarantees, a little known Delhi-based businessman could provide much needed succour. In a recent ruling, the Delhi High Court has stayed personal insolvency proceedings against Lalit Kumar Jain, who runs auto components company Lakshmi Precision Screws,

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