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IBC - Highlights / Catch Notes

Home Highlights March 2022 Year 2022 This

Maintainability of applications filed before the NCLT against ...

Insolvency and Bankruptcy

March 2, 2022

Maintainability of applications filed before the NCLT against the personal guarantor - The argument of the petitioners that the role of Adjudicating Authority is reduced to that of a rubber stamp under the context of Sections 95, 97, 99 and 100 of the IBC, is hence not factually correct. This Court finds no illegality or unconstitutionality in Sections 95, 97, 99 or 100 of the IBC. - HC

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