Position of Guarantors under IBC: A Quandary Untouched – By Rishika Sharma and Samarth Kapoor

The present article deals with the practical problems that exist currently with regards to the simultaneous proceedings against the debtor and the guarantor and the right to subrogation of the guarantor under IBC. Further, the article will take into consideration the situation under which the Guarantor will stand discharged from his/its liability and will later conclude on the suggestion to revisit the existing regime with regards to the Guarantors under insolvency law prevailing in India.