Industrialists like Anil Ambani, Kapil Wadhawan, Sanjay Singhal, Venugopal Dhoot and 42 others have taken the central government and the insolvency regulator to court. Their gripe? That the manner in which personal insolvency provisions for guarantors were notified in 2019 was unconstitutional.Personal insolvency provisions constitute Part III of the Insolvency and Bankruptcy Code. While it applies to partnerships and individuals, th…
Industrialists like Anil Ambani, Kapil Wadhawan, Sanjay Singhal, Venugopal Dhoot and 42 others have taken the central government and the insolvency regulator to court. Their gripe? That the manner in which personal insolv…
Read the full article at: https://www.bloombergquint.com/law-and-policy/ibc-supreme-court-to-decide-on-the-promoters-vs-government-fight
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