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Case Law Details

Case Name : Mahendra Kumar Agarwal Vs PTC India Financial Services Ltd (NCLAT Chennai)
Related Assessment Year :
Courts : NCLAT
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Mahendra Kumar Agarwal Vs PTC India Financial Services Ltd (NCLAT Chennai)

NCLAT Chennai held that National Company Law Tribunal (NCLT) has jurisdiction to initiate insolvency proceedings of Personal Guarantors even when no Corporate Insolvency Resolution Process (CIRP) Proceedings is pending against Corporate Debtor.

Facts- The Appellant/ 1st Respondent/ Personal Guarantor of M/s. Gati Infrastructure Bhamsey Power Private Limited has preferred

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