Financial Creditor Can Pursue Both Principal Borrower and Corporate Guarantor in Concurrent CIRPs or File Claims in Both.

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Full Text of the Document

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....CIRP has been initiated against the principal borrower - There is no bar for the Financial Creditor to proceed against the principal borrower as well as Corporate Guarantor at the same time, either in CIRPs or file claims in both CIRPs - AT....