CIRP - Company/ corporate debtor under liquidation - non-receipt...
Corporate Debtor Liquidation: Validity of Bank's Demand Notice to Personal Guarantor Under Scrutiny, Section 100 Involved.
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Insolvency and BankruptcyJune 1, 2022Case LawsAT
CIRP - Company/ corporate debtor under liquidation - non-receipt of limited notice or receipt of defective limited notice - Personal Guarantor - whether the Demand Notice issued by the Respondent Bank is defective? - the stage of admission of the Application has not yet come and at that stage, the Appellant can raise all the objections before the Adjudicating Authority opposing the admission of the said Application. Needless to add, the Adjudicating Authority will consider the pleas and pass Orders under Section 100 in accordance with law. - AT