SC : Del HC can be Approached by CAPF Personnel for Service Disputes || Delhi HC: Khurram Parvez Granted Bail in UAPA Case || Allahabad HC: Magistrates, Police Personally Liable for Illegal Detention || Bombay HC: No Case for Prior Restraint Against HDFC || &K : Stalling Registration of Sale Deed over Pending Clarification from Higher Auth. Not Acceptable || GujHC : Without Proving Acc. Holder’s Hand in Criminal Case Freezing Acc against Fundamental Right || Mad HC :Waqf Board Can’t Take Control over Every Grave of Dargah Automatically || Del HC : Remove Posts Calling Sitting Judge “Murderer” || Mad HC :Waqf Board Can’t Take Control over Every Grave of Dargah Automatically || Supreme Court: Seeks CBSE Reply on Gulf Students’ Plea

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 :