Whether a joint sale notice of the assets of Corporate Debtor and a Third Person/Guarantor can be issued by Resolution Professional when no such stipulation is provided in IBC? – Ansio Industries Pvt. Ltd. Vs. Sri Venkat Ram Spinners Pvt. Ltd. and Ors. – NCLT Chennai Bench

Hon’ble NCLT Chennai Bench held that in Ayan Mallick Vs. Pratim Bayal, Liquidator & Ors. (2022) ibclaw.in 362 NCLAT, Hon’ble NCLAT has allowed the joint sale of properties of Corporate Debtor and guarantors. There are catena of judgements supporting the joint sales of the properties.

Whether a joint sale notice of the assets of Corporate Debtor and a Third Person/Guarantor can be issued by Resolution Professional when no such stipulation is provided in IBC? – Ansio Industries Pvt. Ltd. Vs. Sri Venkat Ram Spinners Pvt. Ltd. and Ors. – NCLT Chennai Bench Read Post »