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IBC - Highlights / Catch Notes

Home Highlights March 2021 Year 2021 This

CIRP has been initiated against the principal borrower - There ...


Financial Creditor Can Pursue Both Principal Borrower and Corporate Guarantor in Concurrent CIRPs or File Claims in Both.

March 12, 2021

Case Laws     Insolvency and Bankruptcy     AT

CIRP has been initiated against the principal borrower - There is no bar for the Financial Creditor to proceed against the principal borrower as well as Corporate Guarantor at the same time, either in CIRPs or file claims in both CIRPs - AT

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