{"id":356781,"date":"2025-08-16T09:00:12","date_gmt":"2025-08-16T03:30:12","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=356781"},"modified":"2025-08-20T15:55:58","modified_gmt":"2025-08-20T10:25:58","slug":"sc-stays-coercive-action-against-insolvent-guarantors","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/","title":{"rendered":"Supreme Court stays coercive action against insolvent guarantors in 11 pending criminal cases under NI Act and PSS Act; Issues notice"},"content":{"rendered":"
\n

Supreme Court:<\/span> In a writ petition filed by directors and personal guarantors of GC Raj Fabrics Pvt. Ltd., challenging the criminal complaints across India for cheque dishonour and payment defaults related to loans guaranteed by them, the division bench of B.V. Nagarathna and K.V. Viswanathan, JJ. issued notice and directed that no coercive steps be taken against the petitioners in all 11 pending criminal cases across three States and four cities. These include five criminal trials in Punjab (including Chandigarh and Ludhiana), five in West Bengal (Kolkata), and one in Rajasthan (Jaipur). The proceedings consist of six cases under Section 138<\/a> of the Negotiable Instruments Act, 1881<\/a> (NI Act), and five cases under Section 25<\/a> of the Payment and Settlement Systems Act, 2007<\/a> (PSS Act).<\/p>\n

The petitioners were directors and personal guarantors of GC Raj Fabrics Pvt. Ltd., a company facing severe financial distress. Both had invoked personal insolvency proceedings under Section 94<\/a> of the Insolvency and Bankruptcy Code, 2016<\/a>, before the NCLT Chandigarh. Despite opting for the statutory resolution mechanism, creditors had initiated criminal complaints across India for cheque dishonour and payment defaults related to loans guaranteed by the petitioners.<\/p>\n

The 11 pending matters arose from transactions connected to both the company\u2019s and personal borrowings, in which the petitioners had been named as accused. They contended that there had been no willful default or fraudulent intent and that proceeding with these prosecutions during the insolvency process jeopardized their fundamental rights under Articles 14, 21, and 39-A of the Constitution.<\/p>\n

The petitioners argued that the sheer volume of prosecutions not only sought to prosecute but effectively persecuted an insolvent individual, as no meaningful defense could be mounted in multiple cases scattered across the country. It was further submitted that under the IBC, the petitioners had a statutory right to present a repayment plan to creditors. The continuation of these proceedings, they argued, circumvented this opportunity, rendering the insolvency resolution process illusory.<\/p>\n

They contended that the ongoing prosecutions had transformed the IBC process from a rehabilitative framework into a tool of harassment, depriving the petitioners of the chance to submit a repayment plan, which was the very safeguard the IBC was designed to provide.<\/p>\n

[Raj Kumar Aggarwal v. Kotak Mahindra Bank, 2025 SCC OnLine SC 1721<\/a>, decided on 11-08-2025<\/span>]<\/p>\n<\/div>\n

Advocates who appeared in this case:<\/b><\/p>\n

For Petitioner(s)<\/b> :Mr. Akaant Kr. Mittal, Adv., Ms. Arveen Sekhon, Adv., Mrs. Bhavana Garg, Adv., Mr. Nikhil Jain, AOR, Ms. Divya Jain, Adv.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The case raises a critical legal intersection between debt recovery prosecutions and the insolvency resolution framework. A ruling that could reshape how courts handle cheque dishonour and payment-related offences against financially distressed individuals who are already undergoing insolvency proceedings, thereby preventing procedural overlap from undermining the statutory “fresh start” promised by the IBC.<\/p>\n","protected":false},"author":67512,"featured_media":356782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,9],"tags":[24554,40198,87309,32374,87308,30606,87312,87311,87310,44635],"class_list":["post-356781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-supremecourt","tag-criminal-cases","tag-insolvency-proceedings","tag-insolvent-guarantors","tag-inter-state","tag-interim-shield","tag-ni-act","tag-personal-insolvency","tag-prosecutions","tag-pssa","tag-sc"],"yoast_head":"\nSC stays coercive action against Insolvent Guarantors | SCC Times<\/title>\n<meta name=\"description\" content=\"Supreme Court stayed coercive action against insolvent guarantors, halted prosecutions under the NI Act and PSSA across multiple states.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supreme Court stays coercive action against insolvent guarantors in 11 pending criminal cases under NI Act and PSS Act; Issues notice\" \/>\n<meta property=\"og:description\" content=\"Supreme Court stayed coercive action against insolvent guarantors, halted prosecutions under the NI Act and PSSA across multiple states.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-16T03:30:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-20T10:25:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/coercive-action-against-Insolvent-Guarantors.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"886\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Apoorva\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Supreme Court stays coercive action against insolvent guarantors in 11 pending criminal cases under NI Act and PSS Act; Issues notice\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Apoorva\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/\",\"name\":\"SC stays coercive action against Insolvent Guarantors | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/coercive-action-against-Insolvent-Guarantors.webp\",\"datePublished\":\"2025-08-16T03:30:12+00:00\",\"dateModified\":\"2025-08-20T10:25:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/288d814d0864b57168e08daa1940a1c9\"},\"description\":\"Supreme Court stayed coercive action against insolvent guarantors, halted prosecutions under the NI Act and PSSA across multiple states.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/coercive-action-against-Insolvent-Guarantors.webp\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/coercive-action-against-Insolvent-Guarantors.webp\",\"width\":886,\"height\":590,\"caption\":\"coercive action against Insolvent Guarantors\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Supreme Court stays coercive action against insolvent guarantors in 11 pending criminal cases under NI Act and PSS Act; Issues notice\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/288d814d0864b57168e08daa1940a1c9\",\"name\":\"Apoorva\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/549edb3ed2c7046a0c504583cf71db32c50251c1260a6331b2cc2973e80b0e91?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/549edb3ed2c7046a0c504583cf71db32c50251c1260a6331b2cc2973e80b0e91?s=96&d=mm&r=g\",\"caption\":\"Apoorva\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/scc-editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SC stays coercive action against Insolvent Guarantors | SCC Times","description":"Supreme Court stayed coercive action against insolvent guarantors, halted prosecutions under the NI Act and PSSA across multiple states.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/","og_locale":"en_US","og_type":"article","og_title":"Supreme Court stays coercive action against insolvent guarantors in 11 pending criminal cases under NI Act and PSS Act; Issues notice","og_description":"Supreme Court stayed coercive action against insolvent guarantors, halted prosecutions under the NI Act and PSSA across multiple states.","og_url":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2025-08-16T03:30:12+00:00","article_modified_time":"2025-08-20T10:25:58+00:00","og_image":[{"width":886,"height":590,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/coercive-action-against-Insolvent-Guarantors.jpg","type":"image\/jpeg"}],"author":"Apoorva","twitter_card":"summary_large_image","twitter_title":"Supreme Court stays coercive action against insolvent guarantors in 11 pending criminal cases under NI Act and PSS Act; Issues notice","twitter_misc":{"Written by":"Apoorva","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/","url":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/","name":"SC stays coercive action against Insolvent Guarantors | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/coercive-action-against-Insolvent-Guarantors.webp","datePublished":"2025-08-16T03:30:12+00:00","dateModified":"2025-08-20T10:25:58+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/288d814d0864b57168e08daa1940a1c9"},"description":"Supreme Court stayed coercive action against insolvent guarantors, halted prosecutions under the NI Act and PSSA across multiple states.","breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/coercive-action-against-Insolvent-Guarantors.webp","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/coercive-action-against-Insolvent-Guarantors.webp","width":886,"height":590,"caption":"coercive action against Insolvent Guarantors"},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/16\/sc-stays-coercive-action-against-insolvent-guarantors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Supreme Court stays coercive action against insolvent guarantors in 11 pending criminal cases under NI Act and PSS Act; Issues notice"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/288d814d0864b57168e08daa1940a1c9","name":"Apoorva","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/549edb3ed2c7046a0c504583cf71db32c50251c1260a6331b2cc2973e80b0e91?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/549edb3ed2c7046a0c504583cf71db32c50251c1260a6331b2cc2973e80b0e91?s=96&d=mm&r=g","caption":"Apoorva"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/scc-editor\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/coercive-action-against-Insolvent-Guarantors.webp","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":269825,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/08\/the-status-of-personal-guarantors-under-indian-insolvency-laws\/","url_meta":{"origin":356781,"position":0},"title":"Status of Personal Guarantors under Indian Insolvency Laws","author":"Bhumika Indulia","date":"July 8, 2022","format":false,"excerpt":"by Muskaan Garg\u2020","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"Op Ed","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/OpEd_by_Muskaan_Garg.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/OpEd_by_Muskaan_Garg.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/OpEd_by_Muskaan_Garg.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/OpEd_by_Muskaan_Garg.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/OpEd_by_Muskaan_Garg.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":245312,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/10\/interplay-between-negotiable-instruments-act-and-the-insolvency-code\/","url_meta":{"origin":356781,"position":1},"title":"Interplay between Negotiable Instruments Act and the Insolvency Code","author":"Bhumika Indulia","date":"March 10, 2021","format":false,"excerpt":"by Akaant Kumar Mittal\u2020","rel":"","context":"In "Akaant Mittal"","block_context":{"text":"Akaant Mittal","link":"https:\/\/www.scconline.com\/blog\/post\/category\/experts_corner\/individual\/akaant-mittal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/mittal-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/mittal-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/mittal-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/mittal-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/mittal-2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":262163,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/02\/21\/understanding-the-jurisdictional-dilemma-in-personal-guarantors-insolvency-resolution-process\/","url_meta":{"origin":356781,"position":2},"title":"To File or not to File: Understanding the Jurisdictional Dilemma in Personal Guarantor\u2019s Insolvency Resolution Process","author":"Editor","date":"February 21, 2022","format":false,"excerpt":"by Shivam Singhal\u2020","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/MicrosoftTeams-image-142-5.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/MicrosoftTeams-image-142-5.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/MicrosoftTeams-image-142-5.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/MicrosoftTeams-image-142-5.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/MicrosoftTeams-image-142-5.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":248604,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/23\/insolvency-and-bankruptcy-code-nothing-wrong-with-ibc-notification-treating-personal-guarantors-differently-from-other-categories-of-individuals-supreme-court\/","url_meta":{"origin":356781,"position":3},"title":"Insolvency and Bankruptcy Code| Nothing wrong with IBC Notification treating personal guarantors differently from other categories of individuals: Supreme Court","author":"Prachi Bhardwaj","date":"May 23, 2021","format":false,"excerpt":"Supreme Court: Adding to the series of verdicts on the Insolvency and Bankruptcy Code, 2016, the bench of L. Negaswara Rao and S. Ravindra Bhat* has upheld the legality of the notification dated 15.11.2019 which notified provisions of Part III of the Code only in respect of personal guarantors to\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/sc-2-7.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/sc-2-7.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/sc-2-7.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/sc-2-7.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/sc-2-7.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":345582,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/04\/11\/insolvency-process-resolution-not-refuge-responsibility\/","url_meta":{"origin":356781,"position":4},"title":"Insolvency is a Process of Resolution and Not a Refuge from Responsibility","author":"Bhumika Indulia","date":"April 11, 2025","format":false,"excerpt":"by Lakshmi Raman*","rel":"","context":"In "Experts Corner"","block_context":{"text":"Experts Corner","link":"https:\/\/www.scconline.com\/blog\/post\/category\/experts_corner\/"},"img":{"alt_text":"Insolvency process","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/04\/shared-image-2025-04-11T095758.585.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/04\/shared-image-2025-04-11T095758.585.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/04\/shared-image-2025-04-11T095758.585.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/04\/shared-image-2025-04-11T095758.585.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":238203,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/10\/30\/all-petitions-challenging-the-ibc-provisions-relating-to-personal-guarantors-transferred-to-supreme-court\/","url_meta":{"origin":356781,"position":5},"title":"All petitions challenging the IBC provisions relating to personal guarantors transferred to Supreme Court","author":"Prachi Bhardwaj","date":"October 30, 2020","format":false,"excerpt":"The Insolvency and Bankruptcy Code is at a nascent stage and it is better that the interpretation of the provisions of the Code is taken up by the Supreme Court to avoid any confusion.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/356781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67512"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=356781"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/356781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/356782"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=356781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=356781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=356781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}