The Insolvency and Bankruptcy Board of India (IBBI) has come down hard on personal guarantors in its proposals to reform the resolution process, while it gave more powers to the resolution professional and eased the procedures for MSMEs. The reform package is meant to bolster creditor rights and expedite corporate insolvency resolutions.
In this context, Our Senior Counsel Mukesh Chand speaks to Suryamurthy R from The Telegraph in the piece “Insolvency and Bankruptcy Board clampdown on personal guarantors in bid to bolster creditor rights”.
