Once for same set of claim & default application u/s 7 against the Principal Borrower is admitted, the application against the Corporate Guarantor is not maintainable – M/s. SEW Infrastructure Ltd Vs. M/s. Mahendra Investment Advisors Pvt. Ltd. – NCLAT New Delhi

Once for same set of claim and default application u/s 7 against the Principal Borrower- M/s. Amrit Jal Ventures Private Limited is admitted, the application against the Corporate Guarantor is not maintainable. NCLAT not inclined to interfere with the impugned order of rejection of the application under Section 7.

Once for same set of claim & default application u/s 7 against the Principal Borrower is admitted, the application against the Corporate Guarantor is not maintainable – M/s. SEW Infrastructure Ltd Vs. M/s. Mahendra Investment Advisors Pvt. Ltd. – NCLAT New Delhi Read Post »