HC allows Personal Guarantors to submit representation to IRP  

Ramesh Chander Agarwala Vs State Bank of India (NCLAT Delhi) It is true that in Ravi Ajit Kulkarni’s case this Tribunal has in paragraph 44 of the Judgment has laid down that limited notice by the Adjudicating Authority also be given to the Personal Guarantors. In the preset case, although no limited notice as contemplated in Ravi Ajit Kulkarni’s Case was given but the fact of the matter is that Personal Guarantors have appeared before the Adjudicating Authority and have been granted time to file Objections. The Grievance of the Appellant which has been canvassed before us is that ...