https://www.taxtmi.com/caselaws?id=111890 The High Court of Punjab and Haryana allowed the applications by Parkash Aggarwal and Purnima Aggarwal, recognizing them as secured creditors for a company in liquidation. The court held that the guarantors could step into the shoes of the original creditors based on the amounts they paid, settling a dispute with the Haryana Financial Corporation. This decision clarified the legal position on guarantors becoming secured creditors and affirmed the payments made by Aggarwals to the creditors, granting them status as secured creditors in the liquidation process. en-us Mon, 07 Jul 2008 00:00:00 +0530 Fri, 05 Dec 2014 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111890 The High Court of Punjab and Haryana allowed the applications by Parkash Aggarwal and Purnima Aggarwal, recognizing them as secured creditors for a company in liquidation. The court held that the guarantors could step into the shoes of the original creditors based on the amounts they paid, settling a dispute with the Haryana Financial Corporation. This decision clarified the legal position on guarantors becoming secured creditors and affirmed the payments made by Aggarwals to the creditors, granting them status as secured creditors in the liquidation process. Case-Laws Companies Law Mon, 07 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111890