<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>SARFAESI Proceedings Against Guarantor Allowed Despite Moratorium on Corporate Debtor, Says Court on IBC Sections 14 &amp; 31.</title>
    <link>https://www.taxtmi.com/highlights?id=71078</link>
    <description>CIRP - Recovery of dues from the Guarantor, while moratorium was decelerated against the corporate debtor - S. 14 and S.31 of the IBC does not bar initiation and continuation of the SARFAESI proceedings against the Guarantor. As such, the bank has not violated the moratorium as ordered by the NCLT, in initiating SARFAESI Proceedings against Petitioner / Guarantor. - HC</description>
    <language>en-us</language>
    <pubDate>Tue, 25 Jul 2023 08:12:34 +0530</pubDate>
    <lastBuildDate>Tue, 25 Jul 2023 08:12:34 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=720409" rel="self" type="application/rss+xml"/>
    <item>
      <title>SARFAESI Proceedings Against Guarantor Allowed Despite Moratorium on Corporate Debtor, Says Court on IBC Sections 14 &amp; 31.</title>
      <link>https://www.taxtmi.com/highlights?id=71078</link>
      <description>CIRP - Recovery of dues from the Guarantor, while moratorium was decelerated against the corporate debtor - S. 14 and S.31 of the IBC does not bar initiation and continuation of the SARFAESI proceedings against the Guarantor. As such, the bank has not violated the moratorium as ordered by the NCLT, in initiating SARFAESI Proceedings against Petitioner / Guarantor. - HC</description>
      <category>Highlights</category>
      <law>Insolvency and Bankruptcy</law>
      <pubDate>Tue, 25 Jul 2023 08:12:34 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=71078</guid>
    </item>
  </channel>
</rss>