Supreme Court · 2018 INSC 711 · Decided 14 August 2018
State Bank of India v. V. Ramakrishnan & ANR.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 711 · [2018] 10 S.C.R. 974
- Case number
- CIVIL APPEAL No. 3595/2018
- Decided
- 14 August 2018
- Bench
- R.F. NARIMAN, INDU MALHOTRA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- IBC Section 14
Headnote
Insolvency and Bankruptcy Code, 2016: s.14 - Applicability of, in case of personal guarantor - Whether s.14 of the Code which provides for a moratorium for the limited period mentioned in the Code, on admission of an insolvency petition, would apply to a personal guarantor of - Held: s.14 is applicable only in case of corporate debtor - Said section does not mention about the personal guarantor - So far as personal guarantors are concerned, Part III has not been brought into force, and neither has s.243, which repeals the Presidency-Towns Insolvency
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