Bombay HC: Courts Cannot Mandate Mediation under Mediation Act 2023 Without Mutual Consent  ||  Kerala HC: Embassy NOC Not Required For Indian-Foreigner Marriage under Special Marriage Act  ||  MP High Court: Penalty May Stand if Misconduct is Proven, Even if Inquiry is Vitiated  ||  Bombay High Court: Lilavati Trust FIR Against HDFC Bank CEO Driven by Personal Vendetta  ||  Supreme Court: Register Entry Not Required To Pursue Oppression/Mismanagement Claims  ||  Supreme Court: Lifting Corporate Veil May Include Group Assets in Holding Company’s CIRP  ||  Allahabad HC: MPs, Judges and Ministers May Use ‘Hon’ble’; Civil Servants are Not Entitled to it  ||  Calcutta HC: Salary Withholding and Harassment Claims are Not Defamation Without Reputational Harm  ||  Gauhati HC: Officer Resigning Without New Govt Appointment Cannot Claim Pension under Assam Service  ||  MP HC: Attachment & Auction are Quasi-Judicial Duties of Tehsildar; Action Invalid Without Mala Fide    

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 2026 - All Rights Reserved