This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
NCLT Rejects Section 95 Petition Due to Non-Invocation of Personal Guarantee
Case Law Details
- Case Name
- UCO Bank Vs Mallika Barooah (PG) (NCLT Guwahati)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
UCO Bank Vs Mallika Barooah (PG) (NCLT Guwahati)
The National Company Law Tribunal (NCLT), Guwahati Bench, considered an application filed by a financial creditor under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking initiation of insolvency resolution proceedings against an individual alleged to be a personal guarantor to a corporate debtor. The application was based on an alleged default amounting to ₹148.67 crore as on 20 January 2025.
The financial creditor submitted that the corporate debtor had availed multiple cash-credit facilities from time to time under variou...
