https://www.taxtmi.com/highlights?id=46855 Corporate Insolvency Resolution Process (CIRP) against guarantor - corporate debtor admittedly being corporate guarantor to the money borrowed by the principal borrowers against payment of interest, it is a financial debt falling under Clause 8(i) - the person in default u/s 5(8)(i) is a company as envisaged under Section 3(7) of the Code, therefore this creditor can initiate section 7 proceedings against this corporate debtor en-us Thu, 30 May 2019 09:56:32 +0530 Thu, 30 May 2019 09:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46855 Corporate Insolvency Resolution Process (CIRP) against guarantor - corporate debtor admittedly being corporate guarantor to the money borrowed by the principal borrowers against payment of interest, it is a financial debt falling under Clause 8(i) - the person in default u/s 5(8)(i) is a company as envisaged under Section 3(7) of the Code, therefore this creditor can initiate section 7 proceedings against this corporate debtor Highlights Insolvency and Bankruptcy Thu, 30 May 2019 09:56:32 +0530 https://www.taxtmi.com/highlights?id=46855