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Tag Archive for "litigation-proceedings-against-the-guarantor" -

CentrikBlogslitigation proceedings against the Guarantor

Tag: litigation proceedings against the Guarantor

Financial Creditors can Initiate Insolvency against Personal Guarantors under IBC

Posted by Adv. Nazuk SethPosted on December 25, 20190 CommentsCategories Insolvency & Bankruptcy Code 2016Tags claims against a Personal Guarantor, Insolvency against Personal Guarantors under IBC, insolvency proceedings against a Corporate Debtor under the NCLT, Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors to Corporate Debtors, IRB Proceedings of Personal Guarantors to Corporate Debtors, litigation proceedings against the Guarantor, proceedings against the corporate debtor, proceedings against the Personal Guarantor, provisions for Personal Guarantor under the IBC, remedies under the IBC

The new framework allows Creditors to continue recovery process with Personal Guarantor after completion of the Corporate Insolvency Resolution Process.

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