https://www.taxtmi.com/caselaws?id=422491 The Tribunal initiated the Insolvency Resolution Process against the Personal Guarantor, declaring a moratorium and directing the Resolution Professional to publish a public notice, invite claims, and prepare a list of creditors. Despite the approval of a resolution plan, the Personal Guarantor's liability under the contract of guarantee was upheld, allowing the Financial Creditor to realize the default amount. The application met procedural requirements, leading to the admission of the application under Section 100 of the Insolvency and Bankruptcy Code, 2016. en-us Wed, 27 Apr 2022 00:00:00 +0530 Tue, 17 May 2022 08:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422491 The Tribunal initiated the Insolvency Resolution Process against the Personal Guarantor, declaring a moratorium and directing the Resolution Professional to publish a public notice, invite claims, and prepare a list of creditors. Despite the approval of a resolution plan, the Personal Guarantor's liability under the contract of guarantee was upheld, allowing the Financial Creditor to realize the default amount. The application met procedural requirements, leading to the admission of the application under Section 100 of the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422491