https://www.taxtmi.com/caselaws?id=261167 The application seeking to substitute land with a personal guarantee as security was dismissed by the High Court, upholding the original order for land as security until the debt is settled. The respondents' obstacles were deemed insufficient, and the application was considered not maintainable due to res judicata, as the issues had already been decided and could not be re-agitated. The Board's decision to dismiss the application on 18th February 2015 was based on the lack of power to review its own order, leading to its rejection without costs. en-us Wed, 18 Feb 2015 00:00:00 +0530 Tue, 30 Jun 2015 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261167 The application seeking to substitute land with a personal guarantee as security was dismissed by the High Court, upholding the original order for land as security until the debt is settled. The respondents' obstacles were deemed insufficient, and the application was considered not maintainable due to res judicata, as the issues had already been decided and could not be re-agitated. The Board's decision to dismiss the application on 18th February 2015 was based on the lack of power to review its own order, leading to its rejection without costs. Case-Laws Companies Law Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261167