https://www.taxtmi.com/caselaws?id=411219 The tribunal dismissed the insolvency petition against the personal guarantor, emphasizing that such proceedings can only be initiated if insolvency resolution or liquidation processes are ongoing against the corporate debtor. The decision highlighted the necessity for concurrent insolvency proceedings against both the corporate debtor and the personal guarantor to avoid jurisdictional conflicts and ensure compliance with the provisions of the Insolvency and Bankruptcy Code. en-us Tue, 10 Aug 2021 00:00:00 +0530 Thu, 19 Aug 2021 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411219 The tribunal dismissed the insolvency petition against the personal guarantor, emphasizing that such proceedings can only be initiated if insolvency resolution or liquidation processes are ongoing against the corporate debtor. The decision highlighted the necessity for concurrent insolvency proceedings against both the corporate debtor and the personal guarantor to avoid jurisdictional conflicts and ensure compliance with the provisions of the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411219