India: Supreme Court Reaffirms- Corporate Guarantors To ‘Non-Corporate' Debtors To Face IBC Proceedings  - Phoenix Legal

India: Supreme Court Reaffirms- Corporate Guarantors To ‘Non-Corporate' Debtors To Face IBC Proceedings - Phoenix Legal

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The Supreme Court ("SC") in the recent judgment of K. Paramasivam v. The Karur Vysya Bank Ltd. & Anr., held that a CIRP can be initiated against a corporate guarantor, even if the principal borrower is not a ‘corporate person'.

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