Margin money against LC is not included as a security and is not an 'asset' of the Corporate Debtor
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![Margin money against LC is not included as a security and is not an 'asset' of the Corporate Debtor](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![There is no reason why proceedings u/s 7 IBC cannot be initiated against both the Corporate Debtors](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- Sep 23, 2022
- 8 min
There is no reason why proceedings u/s 7 IBC cannot be initiated against both the Corporate Debtors
![Proceedings in good faith in a forum which lacks jurisdiction may save limitation: Supreme Court](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- Sep 22, 2022
- 5 min
Proceedings in good faith in a forum which lacks jurisdiction may save limitation: Supreme Court
![](https://static.wixstatic.com/media/d515a3_aefb221fbf45418f86c123467120498d~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_aefb221fbf45418f86c123467120498d~mv2.webp)
![Valuation of Intangible Assets: An Online Webinar](https://static.wixstatic.com/media/d515a3_aefb221fbf45418f86c123467120498d~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_aefb221fbf45418f86c123467120498d~mv2.webp)
- Sep 17, 2022
- 1 min
Valuation of Intangible Assets: An Online Webinar
![](https://static.wixstatic.com/media/d515a3_5e8e7fc1d7424f82b126ca33248c0aa4~mv2.jpg/v1/fill/w_197,h_197,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_5e8e7fc1d7424f82b126ca33248c0aa4~mv2.webp)
![ICMAI Registered Valuers Organisation in association with IBBI organise E-Charcha](https://static.wixstatic.com/media/d515a3_5e8e7fc1d7424f82b126ca33248c0aa4~mv2.jpg/v1/fill/w_209,h_141,fp_0.50_0.50,q_90,enc_auto/d515a3_5e8e7fc1d7424f82b126ca33248c0aa4~mv2.webp)
- Sep 15, 2022
- 1 min
ICMAI Registered Valuers Organisation in association with IBBI organise E-Charcha
![](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
![IBBI notifies the IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2022](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Sep 15, 2022
- 1 min
IBBI notifies the IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2022
![](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
![IBBI directs IPs to provide details of matters pending with the Supreme Court & various High Courts](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Sep 14, 2022
- 2 min
IBBI directs IPs to provide details of matters pending with the Supreme Court & various High Courts
![](https://static.wixstatic.com/media/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.webp)
![CIRP does not absolve the guarantor of its liability since it arises out of an independent contract](https://static.wixstatic.com/media/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.webp)
- Sep 14, 2022
- 8 min
CIRP does not absolve the guarantor of its liability since it arises out of an independent contract
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![NCLAT observed the conduct of the Appellants who have not come with clean hands, Appeal is dismissed](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Sep 11, 2022
- 4 min
NCLAT observed the conduct of the Appellants who have not come with clean hands, Appeal is dismissed
![](https://static.wixstatic.com/media/d515a3_f9ce9cba30424ba1baf23eda311e6307~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_f9ce9cba30424ba1baf23eda311e6307~mv2.webp)
![Supreme Court: The liability of the Guarantor is co-extensive with that of the Principal Borrower](https://static.wixstatic.com/media/d515a3_f9ce9cba30424ba1baf23eda311e6307~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_f9ce9cba30424ba1baf23eda311e6307~mv2.webp)
- Sep 9, 2022
- 3 min
Supreme Court: The liability of the Guarantor is co-extensive with that of the Principal Borrower