J&K&L HC: Bail is Not Absolute For Juveniles in Heinous Cases and Can be Denied to Serve Justice  ||  Delhi HC: Expired Driving Licenses Do Not Enjoy Deemed Continuity After 2019 MV Act Amendment  ||  MP High Court: Ex-Gratia Payments are Dependents’ Last Hope and Rules Should be Applied Liberally  ||  Orissa HC: SC’s Mihir Rajesh Shah Directive on Written Arrest Grounds Applies Prospectively  ||  Delhi HC: Tenant Liable For Possession Through Family; Non-Residence Claim Doesn’t Excuse Liability  ||  Allahabad High Court: Muslims Can Use Guardians and Wards Act Provisions to Seek Minor’s Custody  ||  Delhi High Court: Earlier Buyer Can Seek Cancellation of a Later Sale; Prior Rights Prevail  ||  Madras HC: 'Geetham' Restaurants Did Not Infringe 'Sangeetha' Trademark But Liable For Passing Off  ||  Bombay High Court: Disabled Employee Shifted Cadre Can’t Claim Past Service Seniority  ||  Supreme Court: Person Accepting a Section 28A Award May Seek Enhancement Via Appeals    

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