https://www.taxtmi.com/caselaws?id=304644 The Appellate Tribunal upheld the order admitting the application under Section 10 of the Insolvency and Bankruptcy Code. It clarified the interpretation of Moratorium, stating it applies only to the properties owned by the Corporate Debtor. The Tribunal emphasized that the Moratorium does not extend to properties of Guarantors and highlighted the transfer of proceedings involving personal guarantors to the same Adjudicating Authority handling the corporate insolvency resolution process. The Tribunal also explained the jurisdiction of the National Company Law Tribunal in dealing with applications related to corporate debtors and personal guarantors, ensuring a comprehensive approach to insolvency resolution and liquidation processes. en-us Wed, 09 Aug 2017 00:00:00 +0530 Wed, 12 Oct 2022 09:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304644 The Appellate Tribunal upheld the order admitting the application under Section 10 of the Insolvency and Bankruptcy Code. It clarified the interpretation of Moratorium, stating it applies only to the properties owned by the Corporate Debtor. The Tribunal emphasized that the Moratorium does not extend to properties of Guarantors and highlighted the transfer of proceedings involving personal guarantors to the same Adjudicating Authority handling the corporate insolvency resolution process. The Tribunal also explained the jurisdiction of the National Company Law Tribunal in dealing with applications related to corporate debtors and personal guarantors, ensuring a comprehensive approach to insolvency resolution and liquidation processes. Case-Laws Insolvency and Bankruptcy Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304644