https://www.taxtmi.com/caselaws?id=420187 The Tribunal upheld the Adjudicating Authority's decision to admit the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, based on the interpretation of the guarantee in connection with the subsequent facility agreement. The appeal, challenging the admission of the application, was dismissed as the guarantee was deemed to apply to renewals and extensions of the initial agreement, emphasizing its continuing nature and rejecting arguments of contract variation affecting its validity. en-us Mon, 28 Mar 2022 00:00:00 +0530 Tue, 29 Mar 2022 08:35:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420187 The Tribunal upheld the Adjudicating Authority's decision to admit the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, based on the interpretation of the guarantee in connection with the subsequent facility agreement. The appeal, challenging the admission of the application, was dismissed as the guarantee was deemed to apply to renewals and extensions of the initial agreement, emphasizing its continuing nature and rejecting arguments of contract variation affecting its validity. Case-Laws Insolvency and Bankruptcy Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420187