Personal guarantor can prefer an appeal u/s. 61 against order of NCLT

Aarti Singal Vs State Bank of India (NCLAT Delhi)

NCLAT Delhi held that appeal against an order of NCLT initiating insolvency resolution process of personal guarantor lays to NCLAT. Thus, personal guarantor eligible to file an appeal u/s. 61 of IBC against order issued u/s. 100.

Facts- The present appeals by personal guarantors of the corporate debtor M/s. Bhushan Power and Steel Limited have been filed challenging the order passed by the adjudicating authority (National Company Law Tribunal, Principal Bench, New Delhi) admitting Section 95 application filed

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