8th October , 2021

Effect of Approval of Resolution Plan on Personal Guarantor or Surety - Lalit Kumar Case

A series of writ petitions before the Supreme Court challenged the validity of the notification dated 15.11.2019 issued by the Ministry of Corporate Affairs (the impugned Notification) in exercise of the powers conferred under Section 1(3) of the Insolvency and Bankruptcy Code, 2016 (IBC and/or theA series of writ petitions before the Supreme Court challenged the validity of the notification dated 15.11.2019 issued by the Ministry of Corporate Affairs (the impugned Notification) in exercise of the powers conferred under Section 1(3) of the Insolvency and Bankruptcy Code, 2016 (IBC and/or the Code) which notified the enactment of certain provisions of the Code in so far as they relate to Personal Guarantors. Code) which notified the enactment of certain provisions of the Code in so far as they relate to Personal Guarantors.

  • Litigation
  • Asset Management & Corporate Restructuring
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