When a corporate debtor enters insolvency, what happens to the individuals standing behind the loans? In Episode 15 of our Insolvency and Bankruptcy Code (IBC) series, we look beyond corporate resolution to examine the legal liabilities of personal guarantors, individual debtors, and partnership firms.We break down how personal guarantees survive corporate resolution plans, examine Section 31(6) and Section 60(2) of the IBC, explore the latest 2026 moratorium exclusions under Sections 96(4) & 124(4), and uncover why Part III of the IBC remains only partially notified.Key Legal Provisions & Precedents Discussed:Section 5(22), Section 31(6), Section 60(2) of the IBC2026 Amendments: Section 96(4) & Section 124(4) (Moratorium Exclusions)Part III of IBC & Fresh Start Process statusSection 25, Indian Partnership Act, 1932Supreme Court in SBI vs. V. Ramakrishnan (2018) & Section 243 repeal statusFind Episode 3 here • Can Anyone Sue a Company Under Insolvency?... Read the Provisions from here, the bare act itself : https://ibbi.gov.in/uploads/legalfram...00:00 – The Promoter's Dilemma: Personal Guarantees vs Corporate Insolvency00:58 – Two Separate Legal Obligations01:43 – Section 31(6): Does Resolution Release the Guarantor?02:24 – Section 60(2): Where Do Creditors File Against Guarantors?03:12 – 2026 Amendments: Moratorium Exclusions (Sec 96(4) & 124(4))04:18 – Individual Borrowers & The Truth About Part III05:43 – Can Partnership Firms Use IBC? (Sec 25 Partnership Act)07:08 – Older Insolvency Laws & SBI vs. V. Ramakrishnan08:42 – The Next Stakeholders: What Happens to Unpaid Employees?09:32 – Summary & Sections to Read Beyond the Bare ActInsolvency and Bankruptcy Code #CorporateLawIndia #IBCSeries#IBC2016, #PersonalGuarantors, #PartnershipFirm, #IndividualInsolvency#NCLT, #CorporateLaw #LegalAwareness #LawInIndia #BusinessLaw#SatyaArthLegal

What happens when an Indian company enters insolvency under the IBC, but its most valuable assets are located in Dubai, Singapore, or London?

Can the Resolution Professional or NCLT reach across international borders to seize them, or does foreign law block the recovery?

In Part 14 of our IBC Series, we examine cross-border insolvency, the UNCITRAL Model Law framework, and where India's legal regime stands under the Insolvency and Bankruptcy Code, 2016.

00:00 - Introduction: The Dubai Warehouse Dilemma

01:10 - Ownership vs. Legal Authority Over Foreign Assets

01:47 - Current Framework: IBC Sections 234 & 235

02:37 - Why Bilateral Agreements Aren't Enough

04:02 - The UNCITRAL Model Law on Cross-Border Insolvency (1997)

05:06 - The 4 Core Pillars: Access, Recognition, Relief & Cooperation

06:09 - Where Does India Stand on Cross-Border Insolvency?

07:20 - The 2026 IBC Amendment & Section 240C Explained

08:05 - The Core Dilemma: Can IBC Reach Across Borders?

08:52 - Preview: Personal Guarantors & Beyond Corporate Entities

09:34 - Summary & Sections to Read

⚖️ Previous Episodes in the IBC Series:

• Part 13: How to Close a Company Without Bankruptcy? https://youtu.be/ssBjK_EnlWI

• Part 12: Why Fast-Track Insolvency Failed in Practice https://youtu.be/zrAuKNcWVeU

• Part 11: What If Debt Is Killing a Good Business? PPIRP https://youtu.be/BETaYPiIjls

📖 Relevant Provisions & References:

• IBC Sections 234 & 235 (Agreements with Foreign Countries & Letter of Request)

• UNCITRAL Model Law on Cross-Border Insolvency

If this breakdown helped demystify corporate insolvency law, please like, share, and subscribe to SatyaArth Legal for more deep dives.

#IBC #InsolvencyAndBankruptcyCode #CrossBorderInsolvency #NCLT #SatyaArthLegal #CorporateLaw #IndianLaw

Read the provisions from here, the bare act itself: https://ibbi.gov.in/uploads/legalframwork/2026-04-07-115842-i5nsk-7ed69ef2a4d23a8b0d472cc0fcd55e79.pdfThis is the story behind the law, the law itself—and what the law is not.

📌 SatyaArth Legal — The Story Behind the Law

Can a company simply shut down without going bankrupt?When a company wants to close its doors, the law does not offer just one exit. In this episode of **The IBC Files**, we explore three distinct legal routes:Liquidation. Voluntary Liquidation. Striking Off.Same destination. Different questions. Different legal doors#SatyaArthLegal #IBC #InsolvencyAndBankruptcyCode #CorporateInsolvency #Liquidation #VoluntaryLiquidation #StrikingOff #CorporateLaw #InsolvencyLaw #IBC2026 #CompaniesAct2013 #LegalAwareness #IndianLaw #TheIBCFilesRead the Provisions from here, the bare act itself : https://ibbi.gov.in/uploads/legalframwork/2026-04-07-115842-i5nsk-7ed69ef2a4d23a8b0d472cc0fcd55e79.pdf