Under right of subrogation guarantor is entitled to initiate cirp against principal borrower


Last updated: 02 July 2022

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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