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Bank can proceed against one or all personal guarantors of Corporate Debtor u/s. 95 of IBC
Case Law Details
- Case Name
- Kiran Kumar Jain Vs Cosmos Co-Operative Bank Ltd. & Anr. (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Kiran Kumar Jain Vs Cosmos Co-Operative Bank Ltd. & Anr. (NCLAT Delhi)
NCLAT Delhi held that bank can proceed against one or all personal guarantors of Corporate Debtor u/s. 95. Merely because bank proceeded against only one personal guarantor cannot be any reason to reject any application u/s. 95 of IBC.
Facts- This appeal by a personal guarantor has been filed challenging the order dated 01.07.2025 passed by the adjudicating authority (National Company Law Tribunal, Mumbai Bench – I) admitting Section 95 application filed by the financial creditor, Cosmos Cooperative Bank Limited &...
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