WebJun 14, 2024 · The saga of the treatment of personal guarantors under the Code was given rest recently by way of a judgement Lalit Kumar vs Union of India” Transferred case … WebMay 26, 2024 · On May 21, 2024, the Apex Court of India, in the case of Lalit Kumar Jain vs. Union of India & Ors. 1, upheld the validity of the Centre’s notification dated November 15, 2024, allowing banks to proceed against personal guarantors for recovery of loans given to a company under the Insolvency and Bankruptcy Code, 2016 (IBC) (“Notification”).. …
Insolvency and Personal Guarantors: Lalit Kumar v. Union of India
WebMay 21, 2024 · Part-1 : Lalit Kumar Jain v. Union of India, Transferred Case (Civil) No. 245/2024, Supreme Court of India, decided on 21st May, 2024 INTRODUCTION: The Supreme Court of India on 21st May, 2024 delivered the judgment in the petitions challenging the notification dated 15th November, 2024, of the Government of India … WebJan 19, 2010 · Take notes as you read a judgment using our Virtual Legal Assistant and get email alerts whenever a new judgment matches your query (Query Alert Service). Try out our Premium Member services -- Free for one month. Delhi High Court. Lalit Kumar Jain vs Uoi & Ors. on 19 January, 2010. d3o protection
Lalit Kumar Jain v. Union of India: Case Comment
WebMay 26, 2024 · In a recent decision of the Hon'ble Supreme Court in Lalit Kumar Jain v. Union of India1, the provisions of the Insolvency and Bankruptcy Code, 2016 ( IBC) … WebOct 31, 2024 · IBBI Vs Lalit Kumar Jain & Ors. (Supreme Court) We are of the considered opinion that the Writ Petitions that are pending in the High Courts pertaining to the challenge to the Notification dated 15.11.2024 and related issues have to be transferred to this Court. Transfer of the Writ Petitions to this Court would avoid […] WebJun 29, 2024 · Sampriti & Sugi Malati Murmu. Introduction and Background. With the decision of Lalit Kumar Jain v.Union of India, the Supreme Court has dealt a death blow to the personal guarantor’s right of subrogation arising after the approval of the resolution plan. The bench upheld the constitutional validity of the notification dated November 15, 2024, … bingo orchard hills