https://www.taxtmi.com/caselaws?id=422652 The Tribunal upheld the financial creditor's claim against the rejection by the Resolution Professional of the Corporate Debtor, directing verification and admission of the claim related to a corporate guarantee. It affirmed the creditor's ability to initiate insolvency proceedings against both the Corporate Debtor and Corporate Guarantor simultaneously, citing relevant provisions of the Insolvency and Bankruptcy Code. The decision favored the State Bank of India, emphasizing the creditor's rights and the legal validity of the claim submission in the insolvency resolution process. en-us Wed, 27 Apr 2022 00:00:00 +0530 Thu, 19 May 2022 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422652 The Tribunal upheld the financial creditor's claim against the rejection by the Resolution Professional of the Corporate Debtor, directing verification and admission of the claim related to a corporate guarantee. It affirmed the creditor's ability to initiate insolvency proceedings against both the Corporate Debtor and Corporate Guarantor simultaneously, citing relevant provisions of the Insolvency and Bankruptcy Code. The decision favored the State Bank of India, emphasizing the creditor's rights and the legal validity of the claim submission in the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422652