Supreme Court: Personal Guarantors can be made liable under Insolvency Code prior to any action against Principal Borrower
Posted by By nishithadmin at 8 July, at 15 : 06 PM Print
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Jul 08, 2022
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Welcome to the Insolvency and Bankruptcy podcast of Nishith Desai Associates. In this podcast, Sahil Kanuga talks about a recent pronouncement of the Supreme Court in Mahendra Kumar Jajodia v. State Bank of India providing clarity on the right of creditors to initiate insolvency resolution process against personal guarantors of the principal borrower; and timing and jurisdiction to exercise such a right.
You can refer to our analysis available at: https://nishithdesai.com/SectionCategory/33/Research-and-Articles/12/31/ResearchatNDA/6210/1.html
If you have any queries or comments on this podcast, you can write to us at concierge@nishithdesai.com.
