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Tag Archive for "financial-creditor-under-ibc" -

CentrikBlogsFinancial Creditor under IBC

Tag: Financial Creditor under IBC

Whether CIRP against Corporate Guarantor be initiated in respect of loan account of the principal borrower

Posted by KrishnapriyaPosted on June 11, 2022June 21, 20220 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags CIRP against Corporate Guarantor, corporate guarantor under ibc, Financial Creditor under IBC, guarantor liability ibc, insolvency of guarantor, personal guarantors liable for corporate debt, proceedings under IBC, Recovery of Debts, supreme court judgement in favour of guarantor

Section 7 of the Code permits a financial creditor to initiate a CIRP procedure against the guarantor being a corporate debtor in accordance with the default committed by the principal borrower.

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REVERSE INSOLVENCY – GOOD FOR ALL (HOMEBUYERS & BUILDER)

Posted by Amarpal JakharPosted on August 8, 2020August 8, 20200 CommentsCategories Authentic Legal Advice, Benchmarking, Business Advisory, Cross Border Advisory, Debt Recovery Management, Government Advisory, Grievance Redressal, Insolvency & Bankruptcy Code 2016, Legal Advisory, Legal Outsourcing, Project Funding, Registration And Compliance, RERA ConsultingTags diversion of funds, Financial Creditor under IBC, NCLT to initiate the CIRP, Provisions of IBC, reverse CIRP against a real estate company, Reverse CIRP NCLAT, Reverse CIRP under IBC, reverse corporate insolvency process, Reverse Insolvency, reverse insolvency under IBC, right of homebuyers, What is Reverse Insolvency

Reverse Insolvency Under IBC laws, seems best solution for struck real estate projects and Reverse Insolvency concept is kind good for both homebuyer and builder

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