IBC| Creditors Can Initiate CIRP Against Both Borrower And Guarantor For Same Debt: Supreme Court

The Supreme Court has reaffirmed that a financial creditor is legally entitled to maintain simultaneous insolvency proceedings against a principal borrower and its corporate guarantor for the same debt, under the Insolvency and Bankruptcy Code, 2016 (IBC). The Bench said that while a creditor is prohibited from “double enrichment” meaning they cannot recover more than…

Bodhtree Consulting Appoints Ex-IRP Sreenivasa Rao Ravinuthala as Chairman

Bodhtree Consulting Limited announced a significant leadership transition with the appointment of Mr. Sreenivasa Rao Ravinuthala as its new Chairman and an Additional Independent Director for a five-year term, effective February 27, 2026. Mr. Ravinuthala brings over three decades of experience, including his crucial role as the Resolution Professional during the company’s Corporate Insolvency Resolution…