Supreme Court had dismissed SBI’s plea seeking resumption of insolvency proceedings against Anil Ambani
New Delhi:
The Supreme Court Wednesday said it will pass orders on a batch of pleas filed by Insolvency and Bankruptcy Board of India (IBBI) seeking the transfer of all petitions pending before different high courts challenging the provisions of Insolvency and Bankruptcy Code (IBC) with regard to personal insolvency.
A bench of Justices LN Rao, Hemant Gupta and Ajay Rastogi favoured the transfer of all the pending writ petitions 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 wri…
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