https://www.taxtmi.com/caselaws?id=422545 The Tribunal admitted the application under Section 95 of IBC, 2016, initiating the Insolvency Resolution Process against the Personal Guarantor. A moratorium was declared, and the Resolution Professional was directed to proceed with necessary steps, including publishing notices, preparing a list of creditors, and formulating a repayment plan. The liability of the Personal Guarantor was affirmed to continue independently of the Corporate Debtor's resolution plan, based on the Supreme Court precedent. en-us Wed, 27 Apr 2022 00:00:00 +0530 Wed, 18 May 2022 08:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422545 The Tribunal admitted the application under Section 95 of IBC, 2016, initiating the Insolvency Resolution Process against the Personal Guarantor. A moratorium was declared, and the Resolution Professional was directed to proceed with necessary steps, including publishing notices, preparing a list of creditors, and formulating a repayment plan. The liability of the Personal Guarantor was affirmed to continue independently of the Corporate Debtor's resolution plan, based on the Supreme Court precedent. Case-Laws Insolvency and Bankruptcy Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422545