https://www.taxtmi.com/caselaws?id=798634 Section 60(2) of the Insolvency and Bankruptcy Code requires insolvency or bankruptcy applications against personal guarantors to be filed before the NCLT where the corporate debtor's CIRP or liquidation is pending. The mandatory common forum is intended to ensure consistency and prevent parallel or conflicting proceedings. Rule 16(d) of the NCLT Rules, read with Rule 2(7), permits the NCLT President to transfer proceedings between Benches, including across territorial locations, where necessary to implement that forum requirement. Personal-guarantor proceedings should therefore be pursued before the Bench handling the corporate debtor's CIRP or liquidation. en-us Wed, 09 Sep 2026 00:00:00 +0530 Thu, 10 Sep 2026 08:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798634 Section 60(2) of the Insolvency and Bankruptcy Code requires insolvency or bankruptcy applications against personal guarantors to be filed before the NCLT where the corporate debtor's CIRP or liquidation is pending. The mandatory common forum is intended to ensure consistency and prevent parallel or conflicting proceedings. Rule 16(d) of the NCLT Rules, read with Rule 2(7), permits the NCLT President to transfer proceedings between Benches, including across territorial locations, where necessary to implement that forum requirement. Personal-guarantor proceedings should therefore be pursued before the Bench handling the corporate debtor's CIRP or liquidation. Case-Laws IBC Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798634