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        Case ID :
        IBC

        NCLAT dismissed the appeal of the Personal Guarantor (PG),...

        Corporate Debt Resolution: Guarantor's Appeal Rejected, Liability Confirmed Under Insolvency Code Provisions

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                NCLAT dismissed the appeal of the Personal Guarantor (PG), affirming the validity of notice service under the Guarantee Deed. The Tribunal held that notices were properly sent to the last known address, and the Resolution Professional complied with Sections 95 and 99 of the IBC. The Appellant failed to dispute the underlying debt or demonstrate procedural non-compliance. The Tribunal emphasized that simultaneous insolvency proceedings against the borrower and guarantor are legally permissible, and the PG remains liable for repayment despite the ongoing Corporate Insolvency Resolution Process of the primary borrower.
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