Delhi HC: Non-Proof of Hearing Notice Dispatch Doesn’t by Itself Show no Personal Hearing Was Given  ||  Delhi High Court: No Construction or Residence Allowed on Yamuna Floodplains, Even For Graveyards  ||  J&K High Court: Right to Speedy Trial Includes Appeals; Closes 46-Year-Old Criminal Case Due to Delay  ||  J&K High Court: Courts Must Not Halt Corruption Probes, Refuses to Quash FIR  ||  J&K&L HC: Matrimonial Remedies May Overlap, But Cruelty Claims Cannot be Selectively Invoked  ||  Delhi High Court: Customs Officials Acting Officially Cannot be Cross-Examined as of Right  ||  J&K&L HC: Second Arbitral Reference is Maintainable if Award is Set Aside Without Deciding Merits  ||  J&K&L HC: Gold Voluntarily Given to Customer is 'Entrustment'; Theft Excluded from Insurance Cover  ||  Delhi HC: Working Mothers Cannot be Forced to Bear Full Childcare Burden While Fathers Evade Duty  ||  J&K&L HC: Arbitral Tribunal Not a “Court”; Giving False Evidence Before it Doesn’t Attract S.195 CrPC    

NCLT, Kochi: Initiation of CIRP Not Mandatory for Application Against Personal Guarantors - (28 Feb 2022)

INSOLVENCY

National Company Law Tribunal, Kochi has held that when an application for initiation of corporate insolvency resolution process (CIRP) is pending before the NCLT, initiation of CIRP against the Corporate Debtor is not a prerequisite for maintainability of an application under Section 95 of Insolvency and Bankruptcy Code, 2016 filed for initiating IRP against the Personal Guarantor of the Corporate Debtor.

Tags : NATIONAL COMPANY LAW TRIBUNAL   APPLICATION AGAINST PERSONAL GUARANTORS  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved