Supreme Court Weekly Round Up May 17 to May 23, 2021
Live LawSupreme Court Upholds IBC Provisions Applicable To Personal Guarantors Of Corporate DebtorsCase: Lalit Kumar Jain vs. Insolvency and Bankruptcy Board of India Citation: LL 2021 SC 257The Supreme Court this week upheld the provisions of Insolvency and Bankruptcy Code, 2016 which applies to personal guarantors of corporate debtors. Insolvency and Bankruptcy Board of India Citation: LL 2021 SC 257 The Supreme Court this week upheld the provisions of Insolvency and Bankruptcy Code, 2016 which applies to personal guarantors of corporate debtors. Doctrine Of Impossibility Applicable To Court Orders; Possibility Of Implementation Should Be Considered : Supreme Court Title : State of Uttar Pradesh versus In Re Inhuman Condition at Quarantine Centres and for Providing Better Treatment to Corona Positive Citation : LL 2021 SC 258 "Doctrine of impossibility is applicable to Court orders as well", said the Supreme Court on Friday stayed the directions issued by Allahabad High Court on May 17 for upgradation of medical facilities in the State of Uttar Pradesh on a war-scale footing. Insolvency and Bankruptcy Board of India Citation: LL 2021 SC 257 The Supreme Court has held that the approval of a resolution plan does not ipso facto discharge a personal guarantor of a corporate debtor.