Under right of subrogation guarantor is entitled to initiate cirp against principal borrower
Quick Summary
Court :
Kolkata NCLT Bench
Brief :
A contract of guarantee is of between three persons Creditor, Debtor and the Surety. The Contract of Guarantee generally made to protect interest of the creditor and provide him trust and security for payment of debt advanced to the Corporate Debtor. T
Citation :
C.P (IB) NO. 2046/KB/2019
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 461
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