Tag: guarantor insolvency

NCLT Kolkata admits insolvency proceedings against a personal guarantor, clarifying limitation and guarantor liability under IBC.

Editor Commissions, Forums & Tribunals June 19, 2026

June 18, 2026 : The National Company Law Tribunal (NCLT), Kolkata Bench, has admitted an insolvency resolution application against Santosh Jhawar, the personal guarantor of Burgundy Life Style Pvt. Ltd., holding that acknowledgements of debt made by the principal borrower Read more…

NCLAT Rejects Personal Guarantor’s Bid To Stall SARFAESI Recovery After Auction, Calls Section 94 Plea Abuse Of Process

Team Law Notify Commissions, Forums & Tribunals May 9, 2026

NCLAT _ National Company Law Appellate Tribunal _ LawNotify

May 8, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi, has dismissed two appeals filed by personal guarantor Ashwani Kumar Oberoi seeking to restrain SARFAESI recovery proceedings and set aside an auction sale conducted by the State Read more…