Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2018 (7) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (7) TMI 394 - Tri - Insolvency and BankruptcyCorporate insolvency process - Held that:- The liability of the Principal Borrower and the Guarantor is co-extensive and that the Beneficiary of a Guarantee is not required to exhaust its remedies against the Principal borrower before proceeding against the guarantors This petition is admitted and Mr. Sethurathnam Ravi, 505-A, 5th Floor, Rectangle 1, District Centre, Saket, New Delhi-110017, email id - sravi.fca@gmail.com, Registration No. IBBI/IPA-001/IP-P00372/2017-18/10629 is appointed as an Interim Resolution Professional. In pursuance of Section 13(2) of the Code, we direct that Interim Insolvency Resolution Professional shall immediately make public announcement with regard to admission of this application under Section 7 of the Code
|