Insolvency Resolution Process Against Legal Heirs Of Personal Guarantor By Financial Creditor not permissible ;NCLT Kolkata
Sindhu.T.P
10 April 2022 8:51 AM IST

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10 April 2022 8:51 AM IST
The NCLT, Kolkata Bench Consisting of Shri Rajasekhar V.K(Member Judicial) and Shri Balraj Joshi (Member Technical) while dismissing the application filed by the Financial Creditor/ Bank of Baroda held that the application is not maintainable against legal heirs of the Personal Guarantor under the Code. Kilburn Chemicals Limited/Corporate Debtor had approached...
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