Rejection of the simultaneous claim by the Resolution ...

Insolvency and Bankruptcy

May 20, 2022

Rejection of the simultaneous claim by the Resolution Professional of the Corporate Debtor - Claim filed by the Applicant with respect to the corporate guarantee given by the Corporate Debtor - the claim can not be rejected merely on the ground that the claim has already been admitted in CIRP of M/s. Sitex. Moreover, there is no bar in the IBC, 2016 to submit the simultaneous claim in the CIRP of the Corporate Debtor as well as in the CIRP of the corporate guarantor. - Tri

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Rejection of the simultaneous claim by the Resolution ...

Insolvency and Bankruptcy

May 20, 2022

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