BT Explainer: How the NCLT order in the Subhash Chandra case exposed gaps in personal guarantor cases

Data from the Insolvency and Bankruptcy Board of India (IBBI) shows, in the 2,137 cases related to insolvency resolution of personal guarantors where resolution professional had been appointed, only 64 cases had yielded approval of repayment plan as of June 2026, with creditors realising Rs 234.56 crore.