Whether liability of the personal guarantor stand consequently reduced or extinguished on the secured financial creditor receiving the payments in terms of a Resolution Plan in respect of a company undergoing a process of CIRP under the provisions of the IBC, 2016- Gouri Shankar Jain Vs. Punjab National Bank & Anr. – Calcutta High Court

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High Court ought not to have proceeded with the auction of the property of the Corporate Debtor, once the proceedings under the IBC had commenced, and an Order declaring moratorium was passed by the NCLT- Mr. Anand Rao Korada vs M/s. Varsha Fabrics (P) Ltd. & Ors-Supreme Court

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The period from date of notice u/s 13(2) of SARFEASI Act to date of order passed by the court will be excluded for filing application u/s 7- Sesh Nath Singh Vs. Baidyabati Sheoraphuli Cooperative Bank Ltd-NCLAT

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