Commencement of CIRP against the Corporate Debtor is not a condition precedent for maintaining an application under Section 95 of the IBC, 2016 filed for initiating IR Process against the Personal Guarantor of the Corporate Debtor before the NCLT – PNB Housing Finance Ltd. Vs. Mr. Goldy Gupta Partner of M/s. Star Raison Landmarks and Directors of Star Realcon Pvt. Ltd. – NCLT New Delhi Bench Court-II

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