Promoters who signed personal guarantees for corporate loans now face insolvency proceedings in their own name. The Supreme Court's 2023 ruling upholding Sections 95 to 100 of the IBC confirms the process is constitutional, and that the resolution professional's role is facilitative rather than adjudicatory.
Oct 26, 2026Insolvency and Restructuring
Insolvency and RestructuringPersonal Guarantors under the IBC: Liability and Strategy after Jiwrajka