IBC : Creditor Can Proceed Against Guarantor Even Without Proceeding Against Borrower, Holds NCLAT [Read Order]
LIVELAW NEWS NETWORK
11 Jan 2019 12:45 PM IST
![IBC : Creditor Can Proceed Against Guarantor Even Without Proceeding Against Borrower, Holds NCLAT [Read Order] IBC : Creditor Can Proceed Against Guarantor Even Without Proceeding Against Borrower, Holds NCLAT [Read Order]](https://www.livelaw.in/h-upload/images/750x450_nclat.jpg)
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11 Jan 2019 12:45 PM IST
The National Company Law Appellate Tribunal has held that financial creditor can proceed against corporate guarantor even before proceeding against corporate debtor.It was held :we hold that it is not necessary to initiate 'Corporate Insolvency Resolution Process' against the 'Principal Borrower' before initiating 'Corporate Insolvency Resolution Process' against the 'Corporate...
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