Tribunal Rules Lender Can Initiate Insolvency Process Against Guarantor Even if Primary Borrower's Process Withdrawn.

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....Withdrawal of the CIRP against the Principal Borrower - bar for the Respondent/Lender in initiating fresh CIRP against the Guarantor or not - , this Tribunal holds that mere withdrawal of the CIRP against the Principal Borrower will not be a bar for the Respondent/Lender in initiating fresh CIRP against the ‘Guarantor’ who is the Appellant herein - AT....