Persons whose Guarantees stands invoked by Creditors of Corporate Debtor barred from giving Resolution Plan: Supreme Court [Read Judgment]

Persons - Guarantees - Creditors - Corporate debtor - Corporate debtor Barred - Giving Resolution Plan - Supreme Court - Taxscan

The Supreme Court held that the Persons whose guarantees stands invoked by the creditors of corporate debtor Barred From Giving Resolution Plan. The respondent, M/s. MBL Infrastructures Limited was set up by one, Mr. Anjanee Kumar Lakhotiya in the early 1990s. Loans/ credit facilities were obtained by the Respondent from the consortium of banks (State…

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