https://www.taxtmi.com/caselaws?id=304556 Part cause of action within Haryana was held sufficient to support territorial jurisdiction under Article 226 where the petitioners' properties were located there and enforcement could lead to sale of those assets. On the insolvency issue, the Court took a prima facie view that a resolution plan contemplating assignment of the remaining debt, read with the RBI prudential framework and the requirement of compliance with law under Section 30(2)(e) of the Insolvency and Bankruptcy Code, cast doubt on continuation of recovery against the personal guarantors. Interim protection was granted, and proceedings before the NCLT and DRT were stayed pending further consideration. en-us Fri, 04 Feb 2022 00:00:00 +0530 Tue, 07 May 2024 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304556 Part cause of action within Haryana was held sufficient to support territorial jurisdiction under Article 226 where the petitioners' properties were located there and enforcement could lead to sale of those assets. On the insolvency issue, the Court took a prima facie view that a resolution plan contemplating assignment of the remaining debt, read with the RBI prudential framework and the requirement of compliance with law under Section 30(2)(e) of the Insolvency and Bankruptcy Code, cast doubt on continuation of recovery against the personal guarantors. Interim protection was granted, and proceedings before the NCLT and DRT were stayed pending further consideration. Case-Laws Indian Laws Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304556