2022 crucial decisions by NCLTs and landmark precedents by Supreme Court on inter alia treatment of contingent claims scope and extent of review by NCLTs status of personal guarantors under the Code attachment of assets of the corporate debtor post commencement of CIRP
IBC imposes moratorium on initiation or continuation of legal proceedings against corporate debtor CD for entire duration of corporate insolvency resolution process CIRP. Adjudication of disputed claims that are pending as on the date of initiation of CIRP get stalled.
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