Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
Contractual service of demand notice under the guarantee deed was treated as sufficient where the financial creditor had already invoked the personal guarantees before Section 95 proceedings, reflected that invocation in the DRT record, and annexed the invocation notice to the statutory demand notice. The tribunal held that dispatch to the last known address and certification by a responsible officer satisfied the agreed mode of service, so absence of postal acknowledgments did not defeat invocation. The appellants had also admitted the factual assertions in their rejoinder, making the service objection hyper-technical. The personal insolvency applications were therefore upheld on the basis of enforceable debt and default against the guarantors.
Contractual service of demand notice under the guarantee deed was treated as sufficient where the financial creditor had already invoked the personal guarantees before Section 95 proceedings, reflected that invocation in the DRT record, and annexed the invocation notice to the statutory demand notice. The tribunal held that dispatch to the last known address and certification by a responsible officer satisfied the agreed mode of service, so absence of postal acknowledgments did not defeat invocation. The appellants had also admitted the factual assertions in their rejoinder, making the service objection hyper-technical. The personal insolvency applications were therefore upheld on the basis of enforceable debt and default against the guarantors.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
