B. Nirmal Kumar v. LIC HFL Trustee Company Private Limited and Others, REEDLAW 2025 NCLAT Chn 11532

REEDLAW Legal News Network | Published on: 17 February 2026 | 🔗 Find Shareable Link

The REEDLAW Legal News Network reports:

Click the link below to read the report:

Proceedings under Section 95 of the Insolvency and Bankruptcy Code, 2016 against personal guarantors are maintainable where default of the corporate debtor stands established and has attained finality under Section 7 IBC, notwithstanding contractual conversion clauses relating to OFCDs or objections to invocation of guarantee raised at the appellate stage.

---

---

REEDLAW Legal Intelligence & Research is India’s most trusted legal publishing and research platform, empowering professionals with structured judicial insights and authoritative legal intelligence since 1985.

The platform offers comprehensive resources spanning Corporate Insolvency, Bankruptcy, Company Law, SARFAESI, Debt Recovery, Contract, MSMEs, Arbitration, Banking, and Commercial Laws. Through curated journals like IBC Reporter and Bank CLR, and an advanced Online Legal Research Databaseplifies complex legal research for professionals, institutions, and academia across India.