https://www.taxtmi.com/caselaws?id=356954 The court clarified that individuals acting as sureties for corporate debtors are considered 'Personal Guarantors' under the Insolvency and Bankruptcy Code. It ruled that the moratorium declared by the Adjudicating Authority applies to personal guarantors as well, preventing asset transfers during insolvency proceedings. Simultaneous proceedings against both the corporate debtor and personal guarantor should be filed before the same Adjudicating Authority for a cohesive resolution. The judgment emphasizes the comprehensive application of the moratorium to protect the interests of all parties involved in insolvency cases. en-us Wed, 28 Feb 2018 00:00:00 +0530 Thu, 15 Mar 2018 10:03:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356954 The court clarified that individuals acting as sureties for corporate debtors are considered 'Personal Guarantors' under the Insolvency and Bankruptcy Code. It ruled that the moratorium declared by the Adjudicating Authority applies to personal guarantors as well, preventing asset transfers during insolvency proceedings. Simultaneous proceedings against both the corporate debtor and personal guarantor should be filed before the same Adjudicating Authority for a cohesive resolution. The judgment emphasizes the comprehensive application of the moratorium to protect the interests of all parties involved in insolvency cases. Case-Laws Insolvency and Bankruptcy Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356954