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NCLAT: Can File Appeal against NCLT Order Initiating Insolvency Process against Personal Guarantors - (07 Apr 2025)

INSOLVENCY

NCLAT New Delhi bench has held that personal guarantors can file appeal under Section 61 of Insolvency and Bankruptcy Code, 2016 against NCLT’s order directing the initiation of the Personal Insolvency Resolution Process (PIRP) as NCLT is the appropriate forum for initiating insolvency proceedings.

Tags : NCLAT NEW DELHI   INSOLVENCY PROCESS   PERSONAL GUARANTORS  

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