633+ Lawyers are online 
Civil Proceeding Can Be Intimated If The Party Is Insolvency
26-Apr-2023 (In Bankruptcy / Insolvency Law)
Can a Civil Proceeding Can Be Initiated against a party who is going under insolvency proceedings ? Or Civil Proceeding Can Be Initiated against a party who is declared by the court insolvent? Please let me know this at earliest.
If you wish to recover money from a party who is undergoing Insolvency then you need to file your claim with the resolution professional appointed by NCLT. Once a company/personal guarantor is undergoing Insolvency then civil proceedings cannot proceed against it.
Helpful?
advocate Payoja Gandhi
Mumbai | 25+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Bankruptcy / Insolvency lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
