Interim Moratorium u/s 96 of IBC for one of the Guarantors would not ipso facto apply against Co-Guarantor: Delhi HC [Read Order]

IBC - Guarantors - Co-Guarantor - Delhi HC - taxscan

The Delhi High Court observed that Interim Moratorium under Section 96 of Insolvency and Bankruptcy Code, 2016 (IBC) for one of the Guarantors would not ipso facto apply against a Co-Guarantor. In the present case, the application against the defendant, Brij Bhushan Singal has been filed under Section 95 of the IBC by State Bank…

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