https://www.taxtmi.com/caselaws?id=426919 A personal guarantor remained liable where the guarantee deed, demand notice and revival letter showed a subsisting and acknowledged obligation, so the insolvency resolution process was not barred by limitation. A challenge based on foreign exchange regulations and alleged invalidity of the guarantee failed because the guarantee was treated as a capital transaction, the invalidity plea had not been raised below, and the contractual guarantee supported co-extensive liability. The Adjudicating Authority also had jurisdiction to entertain the Section 95 application against the guarantor in the tribunal seized of the corporate debtor's insolvency, and the admission order was upheld because debt, default, service and opportunity were established. en-us Thu, 25 Aug 2022 00:00:00 +0530 Sun, 28 Aug 2022 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426919 A personal guarantor remained liable where the guarantee deed, demand notice and revival letter showed a subsisting and acknowledged obligation, so the insolvency resolution process was not barred by limitation. A challenge based on foreign exchange regulations and alleged invalidity of the guarantee failed because the guarantee was treated as a capital transaction, the invalidity plea had not been raised below, and the contractual guarantee supported co-extensive liability. The Adjudicating Authority also had jurisdiction to entertain the Section 95 application against the guarantor in the tribunal seized of the corporate debtor's insolvency, and the admission order was upheld because debt, default, service and opportunity were established. Case-Laws Insolvency and Bankruptcy Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426919