Personal Guarantors of NBFC/FSC cannot be proceeded against unless Threshold of Rs. 500 cr is Satisfied, rules NCLT [Read Order]

The Jaipur Bench of the National Company Law Tribunal (NCLT) has held that Personal Guarantors of Non-Banking Finance Company/ Financial Services Provider cannot be proceeded against unless the NBFC/ FSP satisfies the Rs. 500 crore threshold limit under the notification issued u/s 227, IBC. The Tribunal bench consisting of Deep Chandra Joshi, Judicial Member and […]
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