BANK OF BARODA AND ANR. vs MBL INFRASTRUCTURES LIMITED

The Supreme Court interpreted Section 29A(h) of the Insolvency and Bankruptcy Code, 2016, focusing on the implications of personal guarantees in insolvency proceedings. The court examined the responsibilities of guarantors when the principal debtor defaults on repayment. The judgment clarified the legal standing of personal guarantees in the context of insolvency, ultimately ruling in favor of the appellant, Bank of Baroda, allowing them to invoke the guarantees provided by the personal guarantor.