https://www.taxtmi.com/caselaws?id=376103 The Tribunal dismissed the appeal, ruling that the invocation of the corporate guarantee was invalid due to the suspension of obligations under the loan agreements and the absence of reconciliation of accounts. The Tribunal emphasized that the Corporate Insolvency Resolution Process (CIRP) could not be initiated without a determined debt due and payable by the principal borrower. The appeal was dismissed without costs. en-us Wed, 16 Jan 2019 00:00:00 +0530 Fri, 01 Mar 2019 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376103 The Tribunal dismissed the appeal, ruling that the invocation of the corporate guarantee was invalid due to the suspension of obligations under the loan agreements and the absence of reconciliation of accounts. The Tribunal emphasized that the Corporate Insolvency Resolution Process (CIRP) could not be initiated without a determined debt due and payable by the principal borrower. The appeal was dismissed without costs. Case-Laws Insolvency and Bankruptcy Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376103