Once application against the Principal Borrower is admitted, the other case against the Guarantor should not have been entertained for the same amount as the Appellant can claim only before the Resolution Professional and same debt amount cannot be claimed in two different Resolution Process – IFCI Limited Vs. M/s. Golf Technologies Private Limited – NCLAT New Delhi

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Once application against the Principal Borrower is admitted, the other case against the Guarantor should not have been entertained for the same amount as the Appellant can claim only before the Resolution Professional and same debt amount cannot be claimed in two different Resolution Process – IFCI Limited Vs. M/s. Golf Technologies Private Limited – NCLAT New Delhi Read Post »