https://www.taxtmi.com/caselaws?id=300503 The Hon'ble Tribunal concluded that initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor is not a prerequisite for pursuing Insolvency Resolution Process against Personal Guarantors. The Tribunal referenced relevant legal provisions and upheld the validity of including Personal Guarantors under the Insolvency and Bankruptcy Code. Consequently, the Interlocutory Applications seeking to recall orders against Personal Guarantors were dismissed, maintaining the status quo. en-us Thu, 21 Jan 2021 00:00:00 +0530 Mon, 07 Feb 2022 21:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300503 The Hon'ble Tribunal concluded that initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor is not a prerequisite for pursuing Insolvency Resolution Process against Personal Guarantors. The Tribunal referenced relevant legal provisions and upheld the validity of including Personal Guarantors under the Insolvency and Bankruptcy Code. Consequently, the Interlocutory Applications seeking to recall orders against Personal Guarantors were dismissed, maintaining the status quo. Case-Laws Insolvency and Bankruptcy Thu, 21 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300503