Limitation Period For Both Corporate Debtor And Personal Guarantor Will Commence From Same Date: NCLT Hyderabad

The NCLT Hyderabad bench clarified that the limitation period for initiating insolvency proceedings against a corporate debtor and a personal guarantor begins from the same date. The ruling aimed to resolve ambiguities in interpreting the Insolvency and Bankruptcy Code (IBC) regarding timelines. This judgment ensures consistency in insolvency proceedings and prevents misuse of limitation provisions.