Insolvency Process for Personal Guarantors Requires Ongoing CIRP or Liquidation Against Corporate Debtor. https://www.taxtmi.com/highlights?id=59306 Initiation of CIRP - Personal Guarantors to Corporate Debtors failed to make repayment of guarantee undertaken - existence of debt and dispute or not - an application for insolvency for resolution against the personal guarantor is not maintainable unless that CIRP/liquidation is ongoing against the Corporate Debtor. - Tri en-us Fri, 20 Aug 2021 08:32:58 +0530 Fri, 20 Aug 2021 08:32:58 +0530 TaxTMI RSS Generator Insolvency Process for Personal Guarantors Requires Ongoing CIRP or Liquidation Against Corporate Debtor. https://www.taxtmi.com/highlights?id=59306 Initiation of CIRP - Personal Guarantors to Corporate Debtors failed to make repayment of guarantee undertaken - existence of debt and dispute or not - an application for insolvency for resolution against the personal guarantor is not maintainable unless that CIRP/liquidation is ongoing against the Corporate Debtor. - Tri Highlights Insolvency and Bankruptcy Fri, 20 Aug 2021 08:32:58 +0530 https://www.taxtmi.com/highlights?id=59306