https://www.taxtmi.com/caselaws?id=200066 The court held that Debt Recovery Tribunal (DRT) proceedings against guarantors during the moratorium period under the Insolvency and Bankruptcy Code (IBC), 2016 are invalid. It emphasized that the IBC, 2016 prevails over the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, and the NCLT has jurisdiction over insolvency resolution. The moratorium under Section 14 of the IBC, 2016 applies to proceedings against guarantors, staying DRT proceedings until finalization of the corporate insolvency resolution process or NCLT approval of a resolution plan. en-us Wed, 06 Sep 2017 00:00:00 +0530 Mon, 19 Mar 2018 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200066 The court held that Debt Recovery Tribunal (DRT) proceedings against guarantors during the moratorium period under the Insolvency and Bankruptcy Code (IBC), 2016 are invalid. It emphasized that the IBC, 2016 prevails over the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, and the NCLT has jurisdiction over insolvency resolution. The moratorium under Section 14 of the IBC, 2016 applies to proceedings against guarantors, staying DRT proceedings until finalization of the corporate insolvency resolution process or NCLT approval of a resolution plan. Case-Laws Insolvency and Bankruptcy Wed, 06 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200066