NCLT alone has Jurisdiction Over Personal Guarantor Insolvency when CIRP Is Pending: Bombay HC orders Transfer of Proceedings
The Bombay High Court held that insolvency proceedings against personal guarantors must be filed before, or transferred to, the National Company Law...
![Guarantee Covered Existing ₹44 Cr Credit Facilities, Not Future Loan: NCLAT Upholds Admission u/s 95 Against Personal Guarantor [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/250x150_2106586-personal-guaranter.webp "Guarantee Covered Existing ₹44 Cr Credit Facilities, Not Future Loan: NCLAT Upholds Admission u/s 95 Against Personal Guarantor [Read Order]")
![Appeal u/s 61 of IBC can be filed by Personal Guarantors against order Initiating PIRP: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Appeal-section-61-Appeal-Section-61-of-IBC-IBC-filed-by-Personal-Guarantors-Personal-Guarantors-taxscan.jpg "Appeal u/s 61 of IBC can be filed by Personal Guarantors against order Initiating PIRP: NCLAT [Read Order]")
![Issuance of Demand Notice to Personal Guarantor u/r 7 of Personal Guarantors Rules not Amounts to Invocation of Guarantee: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Issuance-of-Demand-Notice-Demand-Notice-Demand-Notice-to-Personal-Guarantor-Personal-Guarantor-Personal-Guarantors-Rules-NCLAT-taxscan.jpg "Issuance of Demand Notice to Personal Guarantor u/r 7 of Personal Guarantors Rules not Amounts to Invocation of Guarantee: NCLAT [Read Order]")
Insolvency Resolution Process cannot be maintained against the legal heirs of the Personal Guarantor: NCLT [Read Order]
The Kolkata bench of National Company Law Tribunal has held that Insolvency Resolution Process cannot be maintained against the legal heirs of the Personal Guarantor. Kilburn Chemicals (Corporate...
![Insolvency Resolution Process cannot be maintained against the legal heirs of the Personal Guarantor: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Insolvency-Resolution-Process-maintained-legal-heirs-Personal-Guarantor-NCLT-Taxscan.jpg "Insolvency Resolution Process cannot be maintained against the legal heirs of the Personal Guarantor: NCLT [Read Order]")
No Continuing Insolvency Resolution Process against Personal Guarantor after his Demise: NCLT [Read Order]
The Principal Bench of National Company Law Tribunal ( NCLT ) has held that Insolvency Resolution Process against Personal Guarantor after his demise will not continue. Mr. Deepak Puri who stood...
![No Continuing Insolvency Resolution Process against Personal Guarantor after his Demise: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Insolvency-Resolution-Process-Personal-Guarantor-NCLT-TAXSCAN.jpg "No Continuing Insolvency Resolution Process against Personal Guarantor after his Demise: NCLT [Read Order]")
IBBI notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors to Corporate Debtors [Read Notification]
Following the notification by the Central Government on 15th November, relating to proceedings of Personal Debtors to Corporate Debtors, the Insolvency and Bankruptcy Board of India (IBBI) today...
![IBBI notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors to Corporate Debtors [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/01/Insolvency-Code-Corporate-Debtors-Taxscan.jpg "IBBI notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors to Corporate Debtors [Read Notification]")
Insolvency and Bankruptcy Code applies to Personal Guarantors of Corporate Debtors [Read Notification]
The Central Government, last week amended the Insolvency and Bankruptcy Code, 2016 as per which, the Code is applicable to personal guarantors to corporate debtors. The amendment has retrospective...