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Home Highlights January 2020 Year 2020 This

Initiation of CIRP - The corporate debtor has tried to challenge ...


Corporate Debtor's Challenge to Guarantee Agreement Dismissed as Weak Attempt Against Insolvency Proceedings.

January 24, 2020

Case Laws     Insolvency and Bankruptcy     Tri

Initiation of CIRP - The corporate debtor has tried to challenge the genuinely of the corporate guarantee agreement but the same is a lame excuse. It seems that corporate debtor anticipating the triggering of I & B Code against it, had filed a suit challenging the authority of executant of corporate guarantee agreement and endeavored to defeat the claim of the applicant

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