https://www.taxtmi.com/highlights?id=57383 CIRP - Action against corporate person (being a corporate debtor) concerning guarantee offered by it in respect of a loan account of the principal borrower, who had committed default - Upon default committed by the principal borrower, the liability of the company (corporate person), being the guarantor, instantly triggers the right of the financial creditor to proceed against the corporate person (being a corporate debtor) - SC en-us Tue, 30 Mar 2021 09:10:57 +0530 Tue, 30 Mar 2021 09:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57383 CIRP - Action against corporate person (being a corporate debtor) concerning guarantee offered by it in respect of a loan account of the principal borrower, who had committed default - Upon default committed by the principal borrower, the liability of the company (corporate person), being the guarantor, instantly triggers the right of the financial creditor to proceed against the corporate person (being a corporate debtor) - SC Highlights Insolvency and Bankruptcy Tue, 30 Mar 2021 09:10:57 +0530 https://www.taxtmi.com/highlights?id=57383