https://www.taxtmi.com/caselaws?id=301229 The Tribunal dismissed the Company Petition filed under Section 7 of the IBC against the Corporate Debtor for default, as a separate petition against the Corporate Guarantor for the same claim had already been admitted. The Tribunal held that once an application is admitted against one Corporate Debtor for the same claim, a second application against another Corporate Debtor cannot be admitted simultaneously. The dismissal was not based on the merits of the case, and the petitioner was granted liberty to file a fresh petition if needed. en-us Wed, 08 May 2019 00:00:00 +0530 Tue, 22 Mar 2022 08:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301229 The Tribunal dismissed the Company Petition filed under Section 7 of the IBC against the Corporate Debtor for default, as a separate petition against the Corporate Guarantor for the same claim had already been admitted. The Tribunal held that once an application is admitted against one Corporate Debtor for the same claim, a second application against another Corporate Debtor cannot be admitted simultaneously. The dismissal was not based on the merits of the case, and the petitioner was granted liberty to file a fresh petition if needed. Case-Laws Insolvency and Bankruptcy Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301229