Rejection of the simultaneous claim by the Resolution ...

Court Rules Simultaneous Claims Allowed in CIRP for Corporate Debtor and Guarantor Under IBC 2016.

May 20, 2022

Case Laws Insolvency and Bankruptcy Tri

Rejection of the simultaneous claim by the Resolution Professional of the Corporate Debtor - Claim filed by the Applicant with respect to the corporate guarantee given by the Corporate Debtor - the claim can not be rejected merely on the ground that the claim has already been admitted in CIRP of M/s. Sitex. Moreover, there is no bar in the IBC, 2016 to submit the simultaneous claim in the CIRP of the Corporate Debtor as well as in the CIRP of the corporate guarantor. - Tri

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Rejection of the simultaneous claim by the Resolution ...

Court Rules Simultaneous Claims Allowed in CIRP for Corporate Debtor and Guarantor Under IBC 2016.

May 20, 2022

Case Laws Insolvency and Bankruptcy Tri

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