Updated: November 2, 2020 6:52:26 pm
The Supreme Court on Friday transferred to itself all the petitions challenging the Insolvency and Bankruptcy Code (IBC) provisions relating to initiation of insolvency proceedings against personal guarantors.
The Supreme Court on Friday transferred to itself all the petitions challenging the Insolvency and Bankruptcy Code (IBC) provisions relating to initiation of insolvency proceedings against personal guarantors.It will now hear these cases on December 2.
What is a personal guarantee?
To secure loans easily and effectively and to showcase their intent to repay bank dues on time, the promoters of some of the big business hou…
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