https://www.taxtmi.com/caselaws?id=396536 The NCLT dismissed the Financial Creditor's application to initiate a second CIRP against the Corporate Guarantor, as it was based on the same claims and defaults already under CIRP against the Principal Borrower. The Tribunal, following the NCLAT's precedent in the Piramal Enterprises case, found the duplication of claims impermissible under the IBC. en-us Wed, 04 Mar 2020 00:00:00 +0530 Fri, 08 Nov 2024 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396536 The NCLT dismissed the Financial Creditor's application to initiate a second CIRP against the Corporate Guarantor, as it was based on the same claims and defaults already under CIRP against the Principal Borrower. The Tribunal, following the NCLAT's precedent in the Piramal Enterprises case, found the duplication of claims impermissible under the IBC. Case-Laws IBC Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396536