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Moratorium does not apply to personal guarantors, Indian Supreme Court rules

By Benjamin Clarke

29 August 2018

In a “remarkable” judgment, India’s Supreme Court has ruled that the two-year-old Insolvency and Bankruptcy Code’s moratorium provisions do not apply to the personal guarantors of corporate debtors.

Moratorium does not apply to personal guarantors, Indian Supreme Court rules Indian Supreme Court, Delhi (Credit: iStock.com/anil_shakya19)