This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
No Insolvency Against Personal Guarantor Without Guarantee Invocation: NCLT Mumbai
Case Law Details
- Case Name
- Think Hard India Private Limited Vs Narendra Rajani (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Think Hard India Private Limited Vs Narendra Rajani (NCLT Mumbai)
The National Company Law Tribunal (NCLT), Mumbai Bench, dismissed a petition filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking initiation of insolvency proceedings against a personal guarantor of a corporate debtor. The Financial Creditor had claimed an outstanding debt of Rs. 4,12,55,03,018.89 as on 15 September 2022 and sought to proceed against the personal guarantor in relation to facilities extended to the corporate debtor.
According to the Financial Creditor, an interest-bearing secured bu...
Author Info
