The writ petition No. 15439 of 2020 was filed in the High Court of Telangana at Hyderabad by Mr. Sabbineni Surendra against the Union of India, Insolvency and Bankruptcy Board of India, Coastal Projects Ltd., and the State Bank of India. The petitioner challenged the constitutionality of certain provisions of the Insolvency and Bankruptcy Code, 2016, and related notifications and regulations pertaining to personal guarantors of corporate debtors. The High Court issued notices to the respondents and granted an interim stay on the impugned notice issued by the State Bank of India.
Mr. Sabbineni Surendra filed a writ petition in the High Court of Telangana challenging the constitutionality of notification S.O.4126(E) dated 15/11/2019, Sections 95, 96, 97, 99, 100, and 101 of the Insolvency and Bankruptcy Code, 2016, and related rules and regulations concerning the insolvency resolution process for personal guarantors to corporate debtors. The petitioner also challenged the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, and Regulations, 2019. The petitioner specifically contested rules 7 and 3(e) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate
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The writ petition No. 15439 of 2020 was filed in the High Court of Telangana at Hyderabad by Mr. Sabbineni Surendra against the Union of India, Insolvency and Bankruptcy Board of India, Coastal Projects Ltd., and the State Bank of India. The petitioner challenged the constitutionality of certain provisions of the Insolvency and Bankruptcy Code, 2016, and related notifications and regulations pertaining to personal guarantors of corporate debtors. The High Court issued notices to the respondents and granted an interim stay on the impugned notice issued by the State Bank of India.
Mr. Sabbineni Surendra filed a writ petition in the High Court of Telangana challenging the constitutionality of notification S.O.4126(E) dated 15/11/2019, Sections 95, 96, 97, 99, 100, and 101 of the Insolvency and Bankruptcy Code, 2016, and related rules and regulations concerning the insolvency resolution process for personal guarantors to corporate debtors. The petitioner also challenged the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, and Regulations, 2019. The petitioner specifically contested rules 7 and 3(e) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate
…The High Court heard the arguments of the…
Notification…