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SC ruling to boost recoveries from personal guarantees in IBC process: Report
Recoveries from personal guarantees in India are expected to increase significantly following a recent Supreme Court ruling affirming the validity of provisions regarding personal guarantees in the Insolvency and Bankruptcy Code (IBC). Currently, recoveries from personal guarantees are at a low 5.22%. The ruling enables the use of personal assets of guarantors to recover outstanding debt. Delays in the resolution process and low recovery rates have been ongoing challenges in insolvency cases.
Recoveries from personal guarantees in India are expected to increase significantly following a recent Supreme Court ruling affirming the validity of provisions regarding personal guarantees in the Insolvency and Bankruptcy Code (IBC). Currently, recoveries from personal guarantees are at a low 5.22%. The ruling enables the use of personal assets of guarantors to recover outstanding debt. Delays in the resolution process and low recovery rates have been ongoing challenges in insolvency cases. 
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