CIRP - Action against corporate person (being a corporate ...

Guarantor Faces Insolvency Proceedings Under CIRP After Principal Borrower Defaults on Loan.

March 30, 2021

Case Laws Insolvency and Bankruptcy SC

CIRP - Action against corporate person (being a corporate debtor) concerning guarantee offered by it in respect of a loan account of the principal borrower, who had committed default - Upon default committed by the principal borrower, the liability of the company (corporate person), being the guarantor, instantly triggers the right of the financial creditor to proceed against the corporate person (being a corporate debtor) - SC

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CIRP - Action against corporate person (being a corporate ...

Guarantor Faces Insolvency Proceedings Under CIRP After Principal Borrower Defaults on Loan.

March 30, 2021

Case Laws Insolvency and Bankruptcy SC

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