Search Results for Tag : Guarantors

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NCLT, Kochi: Initiation of CIRP Not Mandatory for Application Against Personal Guarantors(28.02.2022)

National Company Law Tribunal, Kochi has held that when an application for initiation of corporate insolvency resolution process (CIRP) is pending bef.....

Tags : National Company Law Tribunal, Application Against Personal Guarantors

NCLT, Jaipur: Personal Guarantors of NBFC/FSC Cannot be Proceeded Against Unless Threshold Satisfied(28.02.2022)

National Company Law Tribunal, Jaipur has held that Personal Guarantors of Non-Banking Finance Company/ Financial Services Provider cannot be proceede.....

Tags : National Company Law Tribunal, Personal Guarantors of NBFC/FSC

SC Upholds Provisions Allowing Lenders to Pursue Insolvency Proceedings Against Promoter Guarantors(21.05.2021)

Supreme Court has upheld provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) allowing lenders to pursue insolvency proceedings against promot.....

Tags : Supreme Court, Insolvency Proceedings Against Promoter Guarantors

NCLAT: Can File Appeal against NCLT Order Initiating Insolvency Process against Personal Guarantors(07.04.2025)

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 .....

Tags : NCLAT New Delhi, Insolvency Process, Personal Guarantors

NCLAT: Creditors Not Party to Trusteeship Deed are Not Barred from Enforcing Personal Guarantee(31.01.2025)

NCLAT New Delhi bench has held that even if creditors are not party to the trusteeship deed signed between a trust and the personal guarantors on thei.....

Tags : NCLAT New Delhi, Trusteeship Deed, Personal Guarantors

SC Upholds Validity of IBC Provisions Relating to Personal Guarantors(09.11.2023)

Supreme Court has upheld the constitutional validity of IBC provisions (Section 95 to Section 100) relating to Personal Guarantors Insolvency Resoluti.....

Tags : Supreme Court, IBC, Constitutional Validity, Personal Guarantors

NCLAT Chennai: Guarantors Cannot Deny Demand Notice After Admitting its Receipt(27.10.2025)

NCLAT Chennai Bench has set aside NCLT Amravati order and restored SBI’s insolvency petition against the personal guarantors of M/s Seven Hills Health.....

Tags : Insolvency, Guarantors, Demand Notice

NCLAT: Creditors May Choose to Proceed Against One or Multiple Guarantors as They See Fit(05.09.2025)

NCLAT New Delhi ruled that creditors have the discretion to proceed against any or all personal guarantors when multiple guarantors exist. An applicat.....

Tags : NCLAT, Creditors, Guarantors

NCLAT Reaffirms That Borrower's Debt Acknowledgment Also Extends Limitation Period for Guarantors(26.12.2025)

NCLAT Delhi has reiterated that when a principal borrower acknowledges a debt, it extends the limitation period for initiating insolvency proceedings .....

Tags : Borrower, Limitation, Guarantors

NCLAT: Personal Guarantors Involved In NCLT Proceedings Can Appeal Against Insolvency Admission(17.12.2025)

NCLAT, New Delhi, held that a personal guarantor allowed to participate in NCLT proceedings qualifies as an “aggrieved person” and is entitled to file.....

Tags : Personal Guarantors, Insolvency, Appeal