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Podcast: businessline's State of the Economy Podcast
Episode: SC’s Ruling on Personal Guarantors: A Game Changer for Banks
Description: In this State of the Economy podcast, businessLine’s KR Srivats, Senior Deputy Editor, discusses the recent landmark Supreme Court judgement on personal guarantors' insolvency in India with Dhananjay Kumar, Partner, Cyril Amarchand & Mangaldas, a leading law firm. By upholding the constitutional validity of Insolvency and Bankruptcy Code (IBC) provisions related to personal guarantors' insolvency (Sections 95 to 100), the three-member SC Bench led by Chief Justice of India D YChandrachud has, in its verdict in the cases of Dilip B. Jiwrajka vs. Union of India and others, strengthened the hands of banks and other creditors efforts in using thi...