The Courtroom Voices - Voice 12

Case Title: ICICI Bank Ltd vs. GVK Power & Infrastructure Limited
Court: NCLT, Hyderabad Bench
Importance:
• Jurisdiction and enforceability of foreign judgments in India arising out of debt and default and initiating CIRP of this company of large GVK Group.
• This judgment reinforces the enforceability of corporate guarantees under IBC and supports lenders in initiating CIRP against corporate guarantors
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[@ateshshah618]

Sir please read all 10 points for self understanding