Date of Default of Corporate Guarantor is Independent of Principal Borrower’s Date of Default: NCLT [Read Order]
The date of default of corporate guarantor is independent of principal borrower's date of default, rules NCLT
By Kalyani B. Nair - On February 6, 2024 11:05 am - 2 mins read
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) ruled that the date of default of corporate guarantor is independent of the principal borrower’s date of default. The Company Petition is filed under section 7 ( “the Petition” ) of the Insolvency and Bankruptcy Code, 2016 ( IBC ) by Central Bank…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
