https://www.taxtmi.com/caselaws?id=422494 The Tribunal initiated the Insolvency Resolution Process against the Personal Guarantor following an application by the Financial Creditor, State Bank of India, under Section 95 of the Insolvency and Bankruptcy Code, 2016. The Tribunal upheld the validity of the Deed of Guarantee and ruled that the Personal Guarantor remains liable post-approval of the Corporate Debtor's Resolution Plan. The application was deemed admissible, and an Interim Resolution Professional was appointed to manage the process, including publishing a notice, preparing a list of creditors, and submitting a repayment plan. Compliance with the Code of Conduct and regular reporting by the IRP was emphasized. en-us Wed, 27 Apr 2022 00:00:00 +0530 Tue, 17 May 2022 08:39:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422494 The Tribunal initiated the Insolvency Resolution Process against the Personal Guarantor following an application by the Financial Creditor, State Bank of India, under Section 95 of the Insolvency and Bankruptcy Code, 2016. The Tribunal upheld the validity of the Deed of Guarantee and ruled that the Personal Guarantor remains liable post-approval of the Corporate Debtor's Resolution Plan. The application was deemed admissible, and an Interim Resolution Professional was appointed to manage the process, including publishing a notice, preparing a list of creditors, and submitting a repayment plan. Compliance with the Code of Conduct and regular reporting by the IRP was emphasized. Case-Laws Insolvency and Bankruptcy Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422494