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IBC - Highlights / Catch Notes

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Initiation of CIRP - If the CIRP is initiated against one of the ...


CIRP Barred for Financial Creditor Against Multiple Debtors or Guarantors for Same Claim Amount Under IBC Rules.

July 10, 2020

Case Laws     Insolvency and Bankruptcy     Tri

Initiation of CIRP - If the CIRP is initiated against one of the Corporate Debtors, after such initiation the Financial Creditor cannot trigger CIRP against the other Corporate Debtor/ Corporate Guarantor for the same claim amount.

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