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Demand Notice Issued u/s 13 of SARFAESI Constitute Valid Invocation of Personal Guarantee: NCLAT Upholds Insolvency Resolution Proceedings [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has upheld the initiation of insolvency resolution proceedings against the personal guarantor by...
Demand Notice Issued u/s 13 of SARFAESI Constitute Valid Invocation of Personal Guarantee: NCLAT Upholds Insolvency Resolution Proceedings [Read Order]
NCLAT held that the notice issued under the SARFAESI Act demanding repayment of the amount by the guarantor is deemed to be sufficient to make the personal guarantor liable under the IBC.
Kavi Priya
Yogitha S. Yogesh
Rupesh Sharma
Saagarika Gopinath
Demand Notice Issued u/s 13 of SARFAESI Constitute Valid Invocation of Personal Guarantee: NCLAT Upholds Insolvency Resolution Proceedings [Read Order]
NCLAT held that the notice issued under the SARFAESI Act demanding repayment of the amount by the guarantor is deemed to be sufficient to make the personal guarantor liable under the IBC.
