CIRP application under Section 7 of IBC is maintainable against a Corporate Guarantor(Company) who is Corporate Guarantor of a Partnership Firm or a Proprietary concern (Borrowers) – K. Paramasivam Promoter/ Suspended Director of M/s. Maharaja Theme Parks and Resorts Pvt. Ltd. Vs. The Karur Vysya Bank Ltd. – NCLAT New Delhi

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