August 11, 2026
Insolvency and Bankruptcy Code (IBC)
The Evolving Jurisprudence on Personal Guarantors under Part III of the IBC
Introduction The Insolvency and Bankruptcy Code, 2016 (“IBC” or “the Code”) was enacted to provide a unified and time-bound framework for insolvency resolution in India.[1] While Parts II and IV primarily govern corporate insolvency, Part III, comprising Sections 78 to 187, deals with insolvency and bankruptcy of individuals and partnership firms, including personal guarantors […]