TMI BlogValidity of possession notice - guarantee given by the Corporate Debtor - As a consequence of such...Validity of possession notice - guarantee given by the Corporate Debtor - As a consequence of such default, the status of the guarantor metamorphoses into a debtor or a corporate debtor if it happens to be a corporate person, within the meaning of Section 3(8) of the Code - It was categorically held that there is no reason to limit the width of Section 7 of the Code despite law permitting initiation of CIRP against the corporate debtor, if and when default is committed by the principal borrower...... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
