12 August 2024


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NCLAT Reaffirms That Borrower's Debt Acknowledgment Also Extends Limitation Period for Guarantors - 26.12.2025

NCLAT Delhi has reiterated that when a principal borrower acknowledges a debt, it extends the limitation period for initiating insolvency proceedings against the corporate guarantors, ensuring they cannot claim the limitation period has expired.

Tags : Borrower Limitation Guarantors

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