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