https://www.taxtmi.com/caselaws?id=433064 The Tribunal dismissed the appeal, finding that the Corporate Debtor fulfilled its obligation under the Deed of Corporate Guarantee through a merger, satisfying the additional equity infusion requirement. It was determined that no default occurred under Section 7 of the Insolvency and Bankruptcy Code, as the debt was considered discharged. Additionally, the initiation of Corporate Insolvency Resolution Process against another Corporate Guarantor precluded further action against the Respondent. The appeal was dismissed without costs. en-us Wed, 18 Jan 2023 00:00:00 +0530 Fri, 20 Jan 2023 09:15:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433064 The Tribunal dismissed the appeal, finding that the Corporate Debtor fulfilled its obligation under the Deed of Corporate Guarantee through a merger, satisfying the additional equity infusion requirement. It was determined that no default occurred under Section 7 of the Insolvency and Bankruptcy Code, as the debt was considered discharged. Additionally, the initiation of Corporate Insolvency Resolution Process against another Corporate Guarantor precluded further action against the Respondent. The appeal was dismissed without costs. Case-Laws Insolvency and Bankruptcy Wed, 18 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433064