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IBC - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Initiation of insolvency resolution of a personal guarantor of ...

Insolvency and Bankruptcy

September 10, 2020

Initiation of insolvency resolution of a personal guarantor of the Corporate debtors - The law doesn't envisage that the insolvency resolution of the personal guarantor should follow only when the process of corporate insolvency resolution of the corporate debtor has come to an end. Therefore, the submission that this Authority should wait till the resolution of RCOM or RITL is successfully accomplished and the debts of the corporate debtors have been satisfied, would be eristic. - Tri

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