Supreme Court of India. Reuters
The much-awaited approval from the top Constitutional Court in India is finally here, paving path for financial creditors to relay back on the fast-paced bad debts resolution track laid by the Govts masterstroke law the Insolvency and Bankruptcy Code. The Supreme Court of India on 9th November 2023 settled the cloud around the provisions of personal insolvency of Corporate Guarantors through Dilip B Jiwrajka vs. Union of India which had put to hold legal recovery action by various lenders in the countrys leading NPA cases. The Insolvency Code which started its journey in the country around the end of the year 2016 has had a stellar performance and with the latest judicial recognition, the Code may just …
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