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IBBI
India's Personal Guarantor IBC Revolution: From 4 Cases to 1,492
After Lalit Kumar Jain (2021) and Dilip Jiwrajka (2023), the IBC became a regime that bites individuals. Section 95 admissions are running at 53.5% — the highest admit rate of any IBC category.
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·5 min read
02
IBBI
Lalit Kumar Jain v. Union of India: When Personal Guarantors Came Onshore
A 21 May 2021 Supreme Court judgment upheld India's personal-guarantor IBC regime. Before it, 29 cases in 2019. After it, 547 in 2022. The story of the IBC's second front.
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·5 min read