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Lenders can pursue insolvency proceedings: Supreme Court
May 21, 2021, 01:35:49 PM | Times Now
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The Supreme Court today allowed lenders to pursue insolvency proceedings against promoter guarantors of companies facing Corporate Insolvency Resolution Proceedings (CIRP). The SC upheld the corporate ministry’s 2019 notification for extending provisions of the insolvency proceedings law to personal guarantors.
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