Application U/S 95 Of IBC Against Personal Guarantors Not Barred By Change In Debt Quantum After Approval Of Plan Against Corporate Debtor: NCLAT

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Arun Baroka (Technical Member) has held that a change in the quantum of debt to be paid by the personal guarantor, following the approval of the resolution plan in the Corporate Insolvency Resolution Process (CIRP) of the…

Marijuana dealers nabbed in Caloocan over online casino debt

Two drug personalities were arrested by anti-drug operatives from the Northern Police District after selling marijuana and kush, a high-grade strain of marijuana, to poseur buyers early Friday morning. According to Police Lieutenant Colonel Timothy Aniway Jr., head of the Drug Enforcement Unit of the Northern Police District, the buy-bust operation took place at a…