https://www.taxtmi.com/caselaws?id=430528 The court dismissed the appeal, affirming the Adjudicating Authority's order. It held that the guarantors' liability was not discharged by the acceptance of the Resolution Plan, and they remain liable. The court also ruled that the creditor can choose to proceed against one or more guarantors and that the Liquidator's acceptance of the Consortium of Banks' claim was valid. Additionally, the court found no merit in the fraud allegations regarding the Guarantee Agreements. en-us Fri, 30 Sep 2022 00:00:00 +0530 Mon, 21 Nov 2022 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430528 The court dismissed the appeal, affirming the Adjudicating Authority's order. It held that the guarantors' liability was not discharged by the acceptance of the Resolution Plan, and they remain liable. The court also ruled that the creditor can choose to proceed against one or more guarantors and that the Liquidator's acceptance of the Consortium of Banks' claim was valid. Additionally, the court found no merit in the fraud allegations regarding the Guarantee Agreements. Case-Laws Insolvency and Bankruptcy Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430528