https://www.taxtmi.com/caselaws?id=361907 The Appellate Tribunal allowed the initiation of Corporate Insolvency Resolution Process against a Guarantor while proceedings against the Principal Borrower were ongoing. The Tribunal emphasized the rights of Financial Creditors to pursue such actions, clarifying that the Moratorium order applies only to proceedings against the Corporate Debtor and not to initiating proceedings against the Guarantor. The decision overturned the previous ruling and directed the case to proceed, highlighting the powers vested in the Adjudicating Authority under the Insolvency and Bankruptcy Code. en-us Wed, 02 May 2018 00:00:00 +0530 Fri, 15 Jun 2018 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361907 The Appellate Tribunal allowed the initiation of Corporate Insolvency Resolution Process against a Guarantor while proceedings against the Principal Borrower were ongoing. The Tribunal emphasized the rights of Financial Creditors to pursue such actions, clarifying that the Moratorium order applies only to proceedings against the Corporate Debtor and not to initiating proceedings against the Guarantor. The decision overturned the previous ruling and directed the case to proceed, highlighting the powers vested in the Adjudicating Authority under the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361907