Insolvency & Bankruptcy

SC Upholds Government Dues in IBC Dismisses 'Rainbow Papers' Review Petitions
10. 06
2024
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Supreme Court Upholds Government Dues in IBC Resolution Plans: Dismisses Review Petitions Against ‘Rainbow Papers’ Judgement

On October 31, 2023, the Supreme Court of India delivered a significant judgment in the case of Sanjay Kumar Agarwal v. State Tax Officer, dismissing a series of review petitions challenging the earlier verdict in the ‘Rainbow Papers’ case. The bench comprising Justice A.S. Bopanna and Justice Bela M. Trivedi upheld the principle that government […]
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supreme court upholds ibc provisions on personal guarantors
14. 02
2024
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Supreme Court’s Ruling on the validity of provisions of Personal Guarantors under the Insolvency and Bankruptcy Code

Introduction to the Verdict on Personal Guarantors The Supreme Court of India delivered a landmark judgement on November 9, 2023, addressing the constitutional validity of the sections relating to personal guarantors under the Insolvency and Bankruptcy Code, 2016 (IBC). This judgment, arising from 384 writ petitions filed under Article 32 of the Constitution, in the […]
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