CIRP Against Corporate Guarantor Rejected for Failure to Establish Guarantee Invocation

Q West Infrastructure Pvt. Ltd Vs Grevek Investments & Finance Pvt. Ltd (NCLT Mumbai) NCLT Mumbai held that invocation of provisions of section 7 of the Insolvency and Bankruptcy Code against corporate guarantor not maintainable as financial creditor not able to establish invocation of corporate guarantee. Facts- The Company Petition is filed by M/s Q West Infrastructure Pvt. Ltd. (“Financial Creditor”) seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Grevek Investments & Finance Private Limited (“Corporate Debtor”) on 09.03.2024 by invoking the pr...