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Article | Simultaneous CIRPs Against Principal Borrower And Corporate Guarantor For The Same Debt

12/22/2020 0:00 News & Articles

Read the article "Simultaneous CIRPs Against Principal Borrower And Corporate Guarantor For The Same Debt" authored by our Partner, P Ravi Charan and Associate, Neha Pathak published on Live Law.

"After the introduction of the Insolvency and Bankruptcy Code, 2016 ("Code"), one of the most highly debated issues concerning these guarantee contract is related to the question as to whether a lender can make simultaneous claims against the corporate insolvency resolution processes against the principal borrower as well as the corporate guarantor."

Read the full article here.

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