https://www.taxtmi.com/caselaws?id=361936 The High Court of Allahabad held that the moratorium under Section 14 of the Insolvency and Bankruptcy Code applies to personal guarantors, providing safeguards for banks by staying proceedings against them until the resolution plan is approved or liquidation is ordered. The Appellate Tribunal confirmed that the moratorium extends to personal guarantors, prohibiting actions against them during insolvency proceedings against the corporate debtor. Additionally, the Tribunal clarified that insolvency proceedings against personal guarantors should be filed before the National Company Law Tribunal, not the Debt Recovery Tribunal, aligning with the provisions of the IBC. en-us Wed, 18 Apr 2018 00:00:00 +0530 Sat, 16 Jun 2018 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361936 The High Court of Allahabad held that the moratorium under Section 14 of the Insolvency and Bankruptcy Code applies to personal guarantors, providing safeguards for banks by staying proceedings against them until the resolution plan is approved or liquidation is ordered. The Appellate Tribunal confirmed that the moratorium extends to personal guarantors, prohibiting actions against them during insolvency proceedings against the corporate debtor. Additionally, the Tribunal clarified that insolvency proceedings against personal guarantors should be filed before the National Company Law Tribunal, not the Debt Recovery Tribunal, aligning with the provisions of the IBC. Case-Laws Insolvency and Bankruptcy Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361936