SC Upholds Centre s Notification Bringing Into Force Insolvency Of Personal Guarantors To Corporate Debtors
Various petitions were filed before different High Courts as well as before the Supreme Cour 27 May 2021, Last Updated at 6:53 pm Special Arrangement 2021-05-27T18:49:28+05:30 SC Upholds Centre s Notification Bringing Into Force Insolvency Of Personal Guarantors To Corporate Debtors outlookindia.com 2021-05-27T18:53:13+05:30
Author: Sarojanand Jha, Founding Partner, Vedanta Legal
In a recent landmark decision, the Supreme Court has upheld the challenge to a Notification dated 15
th November 2019 (“
Notification”) issued by the Ministry of Corporate Affairs, which brought into force the provisions of the insolvency of Personal Guarantor to the Corporate Debtor.