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Financial creditor can claim its due from guarantor on default of principal borrower in repayment of loan

January 23, 2020[2020] 113 taxmann.com 191 (NCLT - New Delhi) (SB)
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IBC: Where principal borrower availed unsecured loan from financial creditor and corporate debtor stood as guarantor on behalf of principal borrower, on default of principal borrower in repayment of loan amount, corporate debtor being guarantor was liable to pay due amount

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