Assessing the Appropriate Forum for Initiating Insolvency Resolution Proceedings Against Personal Guarantors in the case of Anita Goyal & Ayush Goyal v. Vistra ITCL (India) Ltd. and Anr. : DRT or NCLT?
The Article has been drafted by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner), Visakha Raghuram (Associate) and Vaibhav Khurana (Associate). The case involves two appeals filed by personal guarantors of the corporate debtor, Nivaya ASL Pvt. Ltd. These appeals arose from impugned orders passed by the Hon’ble National Company Law Tribunal, Principal Bench (“NCLT’) whereby Resolution Professional […]


