Case Law Analysis
|National Company Law Appellate Tribunal
Section 95 IBC | Debenture Trustee Has Locus to Initiate Personal Insolvency if Guarantee Deed Explicitly Authorizes It: NCLAT
NCLAT rules that a debenture trustee can file a Section 95 IBC application against a personal guarantor only if the guarantee deed expressly permits it, clarifying the scope of creditor locus in personal insolvency proceedings. This holding impacts debenture trustees, personal guarantors, and lenders relying on guarantee deeds for insolvency actions.