New Delhi, Oct 28 (PTI) The Supreme Court Wednesday said it would pass orders on a batch of pleas filed by Insolvency and Bankruptcy Board of India (IBBI) seeking transfer of all petitions pending before different high courts challenging the provisions of IBC with regard to personal insolvency.
A bench of Justices L N Rao, Hemant Gupta and Ajay Rastogi favoured transfer of all the writ petitions pending challenging provisions of IBC on insolvency of personal guarantors and reserved its verdict.
Additional Solicitor General Madhavi Divan, appearing for IBBI, said that questions of law raised in these writ petitions pending before different high courts are same and relate to the provision of IBC.
She argued that to avoid any conflicting ru…
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