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IBC - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Initiation of CIRP - claim against Corporate Debtor second time ...

Insolvency and Bankruptcy

November 26, 2020

Initiation of CIRP - claim against Corporate Debtor second time on the same set of claims, initially made on principal borrower - The object of the Code is not to allow such guarantors to escape from an independent and coextensive liability to pay off the entire outstanding debt, which is why Section 14 is not applied to them.- AT

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