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What is Sanjay Jhunjhunwala v. Piramal Finance LTD., 2025 SCC OnLine Cal 9461 about?

The High Court of Calcutta addressed a writ petition filed by guarantors Sanjay Jhunjhunwala and others against Piramal Finance Limited and others regarding the invocation of personal insolvency proceedings despite the principal borrower having cleared most of the outstanding amounts. The petitioners argue that since the debt has been settled, no claims should remain against them, while the respondents maintain that proceedings under the Insolvency and Bankruptcy Code are valid. The court is tasked with det

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arideb97

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EN