Once a Case is Filed Against Borrower, Guarantor’s Case Must Go to the Same NCLT: NCLAT Says Filing Counts as Pendency, Not Just Admission

The NCLAT has ruled that once a case is filed against a borrower, a guarantor's case must go to the same NCLT, as filing counts as pendency, not just admission. This ruling clarifies a crucial jurisdictional aspect within the IBC framework. The decision is aimed at preventing multiple cases against related parties in different tribunals, which would lead to a more efficient and consolidated resolution process.