NCLT admits personal insolvency application against Kishore Biyani

The admission of the application by the National Company Law Tribunal (NCLT) ensures moratorium on transactions of personal assets of the guarantor. But it does not give the resolution professional (RP) the right to take control of the personal assets of the guarantor. Following the ruling, the RP will invite claims from lenders and also validate them.

Related Keywords

Mumbai ,Maharashtra ,India ,Jagmohan Singh ,Vikram Trivedi ,Ashish Pyasi ,Kishore Biyani ,Kishore Vemulapalli ,Supreme Court ,Axis Trustee Service ,National Company Law Tribunal ,Chain Solutions ,Manilal Kher Ambalal Co ,Axis Trustee Services ,Future Group ,Axis Trustee ,Trustee Services ,Manilal Kher Ambalal ,Manu Jagmohan Singh ,Catalyst Trusteeship ,Future Enterprises ,Future Supply Chain Solutions ,Future Lifestyle Fashions ,Nclt ,Personal Insolvency Application ,Axis Trustees Application ,Future Retail ,