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Role of RP is only that of facilitator between Personal Guarantor & Creditors
Case Law Details
- Case Name
- Indiabulls Housing Finance Ltd. Vs Subhash Chandra (NCLT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Indiabulls Housing Finance Ltd. Vs Subhash Chandra (NCLT Delhi)
In the case of Indiabulls Housing Finance Ltd. vs. Subhash Chandra before the National Company Law Tribunal (NCLT) Delhi, the tribunal delved into the intricate dynamics surrounding the role of the Resolution Professional (RP) in insolvency proceedings concerning Personal Guarantors. The case revolved around an application filed seeking the replacement of the RP, Mr. Raj Kamal Saraogi, with Mr. Arvind Kumar. The application alleged that Mr. Saraogi failed to comprehend the complexities of the Personal Guarantor’s business af...
