Financial Creditor was seeking its remedies and claims against the Corporate Guarantor, however it had to take a massive haircut in the amount recovered from such proceedings. The Financial Creditor accordingly is pursuing the available remedy against the CD for its balance claims and The time spent in pursuing remedies against the Corporate Guarantor is also to be excluded for the purposes of computation of the period of limitation – M/s SREI Infrastructure Finance Ltd. Vs. M/s Gujarat Hydrocarbons and Power SEZ Ltd. – NCLT New Delhi Bench Court-III

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