Tuesday, November 19, 2019

Personal guarantor insolvency under IBC from December 1

According to the Supreme Court’s recent ruling in the Essar Steel case, overturning an order of the National Company Law Appellate Tribunal, claims against a personal guarantor would not extinguish once a resolution plan for the corporate debtor was approved.

from Economy-News-Economic Times https://ift.tt/2qkxSz0
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