Insolvency Resolution Process of Personal Guarantors- Jurisdiction of National Company Law Tribunal

Finance10 months ago

Source: Insolvency Resolution Process of Personal Guarantors- Jurisdiction of National Company Law Tribunal

The Insolvency and Bankruptcy Code (IBC) of 2016 empowers creditors to initiate insolvency proceedings against personal guarantors of corporate debtors, independent of any corporate insolvency resolution process against the corporate debtor.