FeaturedSimultaneous CIRP Proceedings Against Principal Debtor and Corporate Guarantor are Maintainable: Supreme Court rules in favour of ICICI Bank
The Supreme Court has ruled that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against both the principal debtor and its corporate guarantor are permissible under Section 60(2) of the IBC. This ruling supports the enforcement of banking rights in insolvency scenarios.

