NCLT admits insolvency plea over ₹18.76 crore guarantor dues
In short
The NCLT admitted an insolvency plea tied to ₹18.76 crore in dues. The reported claim says a personal guarantor’s liability still remained after a corporate CIRP and resolution-plan payments.
This matters because the guarantor may still face insolvency action even after the company’s process. The reporting does not say who the guarantor is or what the next legal step will be.
What the reporting says
The NCLT admitted an insolvency plea against a personal guarantor over ₹18.76 crore in dues, with the reported liability said to survive a corporate CIRP. Taxscan’s summary says the amount remained unpaid even after resolution-plan payments. The reporting does not state the guarantor’s name, the date of the order, or what outcome may follow beyond the admission of the plea.
Why it matters
The NCLT admitted an insolvency plea over ₹18.76 crore against a personal guarantor, according to the publisher summary. The key issue is that the reported liability is said to survive the corporate CIRP, even after resolution-plan payments. That makes the guarantor’s exposure relevant to creditors and insolvency practitioners, but the reporting does not state the order date, parties’ names, or the next procedural step.