https://www.taxtmi.com/caselaws?id=409613 The tribunal dismissed the appeal filed by a shareholder challenging parallel insolvency proceedings against the principal borrower and corporate guarantor. Emphasizing the permissibility of such proceedings under Section 60(2) of the Insolvency and Bankruptcy Code, the tribunal upheld the validity of the proceedings despite the appellant's objections based on previous judgments. The tribunal found no merit in the appeal and declined to remand the case for further consideration, ultimately disposing of the appeal accordingly. en-us Fri, 09 Jul 2021 00:00:00 +0530 Tue, 13 Jul 2021 10:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409613 The tribunal dismissed the appeal filed by a shareholder challenging parallel insolvency proceedings against the principal borrower and corporate guarantor. Emphasizing the permissibility of such proceedings under Section 60(2) of the Insolvency and Bankruptcy Code, the tribunal upheld the validity of the proceedings despite the appellant's objections based on previous judgments. The tribunal found no merit in the appeal and declined to remand the case for further consideration, ultimately disposing of the appeal accordingly. Case-Laws Insolvency and Bankruptcy Fri, 09 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409613