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2019 (2) TMI 2021 - SCH - Insolvency and BankruptcyInitiation of Corporate Insolvency Resolution Process against the Principal Borrower - admission of an application under Section 7 - it was held by NCLAT that Without initiating any Corporate Insolvency Resolution Process against the Principal Borrower, it is always open to the Financial Creditor to initiate Corporate Insolvency Resolution Process under Section 7 against the Corporate Guarantors, as the creditor is also the Financial Creditor qua Corporate Guarantor - HELD THAT:- There are no merit in the appeal. The civil appeal stands dismissed.
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