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IBC - Highlights / Catch Notes

Home Highlights August 2021 Year 2021 This

Initiation of CIRP - Personal Guarantors to Corporate Debtors ...

Insolvency and Bankruptcy

August 20, 2021

Initiation of CIRP - Personal Guarantors to Corporate Debtors failed to make repayment of guarantee undertaken - existence of debt and dispute or not - an application for insolvency for resolution against the personal guarantor is not maintainable unless that CIRP/liquidation is ongoing against the Corporate Debtor. - Tri

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  2. Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019

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