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Informative

Appeal U/S 61 Of IBC Is Maintainable Against Order Passed By NCLT Initiating Insolvency Process Against Personal Guarantors: NCLAT

Update / Judgement Date

04 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderInsolvency & Bankruptcy Code

The NCLAT held that an appeal under Section 61 of the IBC is maintainable against an order passed by the NCLT under Section 100, initiating the insolvency process against personal guarantors. This decision clarifies the appealability of NCLT orders related to personal guarantors' insolvency. It provides a legal avenue for challenging such orders. This ruling strengthens the rights of personal guarantors under the IBC