IBBI approaches SC to club all cases on personal guarantee pending in HCs

Top court likely to give its order on Thursday, has indicated it may transfer all cases to itself, according to a senior lawyer

The Supreme Court on Wednesday heard the petition of the Insolvency and Bankruptcy Board of India (IBBI) to transfer all the ongoing cases of personal guarantee invocation currently under dispute including Reliance Group’s Anil Ambani from various high courts to the apex court and club them together.  

The Supreme Court is likely to give its order on Thursday. The SC has indicated that it may transfer all cases to itself, according to a senior lawyer.

“We have limited resources and different high court judges might give conflicting judgments in the matter. The litigations can be decided at one go by the Supreme