Court Rules Financial Creditor's Application Against Personal Guarantor for CIRP Fully Maintainable; Adjudicating Authority Erred.

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....Initiation of CIRP - Personal Guarantor - the application filed by the Financial Creditor against the Personal Guarantor was fully maintainable - the Adjudicating Authority has committed error in allowing the applications filed by the Personal Guarantors and dismissing the Company Petitions. - AT....