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IBC - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

CIBIL rating - Removal of name of the petitioner from the list ...

Insolvency and Bankruptcy

November 27, 2019

CIBIL rating - Removal of name of the petitioner from the list of defaulters maintained by Credit Information Bureau (India) Limited - liability of a guarantor towards a creditor - Section 14 of the Code of 2016 does not apply to a personal guarantor. The Code of 2016 does not allow personal guarantors to escape their liability

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  2. Removal of names of the petitioners from the list of wilful defaulters - This Court is of the view that the names of the writ petitioners cannot be removed from the list...

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