CIRP - scope of interim moratorium - application to ...

Case Laws Insolvency and Bankruptcy

November 7, 2022

CIRP - scope of interim moratorium - application to co-guarantors - the effect of the interim moratorium is only in respect of the debts of a particular debtor. By no stretch of imagination can it be said to include other independent guarantors in respect of the same debt of a corporate debtor. Merely because an interim moratorium under Section 96 is operable in respect of one of the co-guarantors, the same would not apply to the other co-guarantor(s). - HC

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CIRP - scope of interim moratorium - application to ...

Case Laws Insolvency and Bankruptcy

November 7, 2022

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