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Supreme Court transfers to itself batch of pleas challenging provisions of IBC on personal insolvency

The issue of personal guarantee of a corporate debtor under Insolvency and Bankruptcy Code has been challenged in various high courts #insolvency  #bankruptcy  @RChitravanshi  & Abhijit Lele report

The issue of personal guarantee of a corporate debtor under Insolvency and Bankruptcy Code has been challenged in various high courts #insolvency  #bankruptcy  @RChitravanshi  & Abhijit Lele report

Supreme Court transfers to itself all petitions pending in various High Courts that challenge provisions of Personal Insolvency under the IBC. All interim directions passed in pending cases to remain in effect till further orders. @AshmitTejKumar  has the details.

Top Court To Decide On Transferring Pending Personal Insolvency Cases To Itself

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Under the IBC, enforcing personal guarantee remains a tall order. Insolvency law experts say that invoking personal guarantees goes against the spirit of the IBC, reports @RChitravanshi  #insolvency  #IBC 

Farmer holds on to family farm in debt writedown case Personal insolvency arrangement is first High Court-approved farming debt deal via @IrishTimesBiz 

#ETNOWExclusive | Why do we need a personal #insolvency  code? Dr MS Sahoo, Insolvency and Bankruptcy Board of India speaks on ET NOW on IBC's fourth anniversary! @IBBIlive  #IBC 

The Government is set to proceed with reforms to the State’s personal insolvency regime to allow full access to court protections for those struggling debtors hit by the Covid-19 pandemic.

Government to reform State’s personal insolvency regime

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An Indian court halted personal bankruptcy case hearings against Anil Ambani to hear his challenge against the country’s insolvency law

Delhi High Court stays Insolvency & Bankruptcy Code (IBC) proceedings against Anil Ambani in a matter pertaining to a personal guarantee given by him against a loan taken by Reliance Communications Ltd (RCom) and Reliance Infratel Ltd (RITL) from State Bank of India (SBI).

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National Company Law Tribunal, Mumbai directs to initiate insolvency proceedings against Reliance Communications Chairman#AnilAmbani  to recover Rs. 1,200 crore under personal guarantee clause of the bankruptcy law.

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#SBI moved the insolvency court to recover more than Rs 1,200 crore from #AnilAmbani  under the personal guarantee clause of the bankruptcy law

Businessman has €60m debt written off by High Court in largest ever personal insolvency deal

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#India has notified the amended #IBC  guidelines that enable creditors as well as personal guarantors to approach the tribunal seeking to initiate insolvency proceedings against personal guarantors.

Personal insolvency levels approaching highest in a decade

Personal insolvency levels approaching highest in a decade <Austerity has been a political choice by the Con\LibDem coalition,continued by TORIES!There is no economic rationale for it.

UK personal insolvency rate rises to eight-year high

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On @BBCBreakfast  around 0840 live from Stoke-on-Trent about it having the highest rate of personal insolvency (bankruptcy, individual voluntary arrangements, and debt relief orders) in England and Wales -why? And what’s the cause? And how can people be helped? #wearestokeontrent 

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