Bank Clarifies No CIRP Actions Against Personal Guarantor, No Grounds for Self-Initiated Insolvency Process.

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Full Text of the Document

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....Initiation of CIRP against Guarantor of the Corporate Debtor to make payment - the case taken up by the Bank being categorical and clear that no steps have been taken by the Bank against the Appellant, there is no cause for the Appellant to pray for initiation of CIRP against the Appellant – the Personal Guarantor. - AT....