https://www.taxtmi.com/caselaws?id=436240 The Tribunal held that the applications under Section 95 against Personal Guarantors were maintainable as the Financial Service Provider's asset size met the threshold under the relevant Notification. The Adjudicating Authority's dismissal was set aside, and the Company Petitions were revived for further proceedings. The Tribunal emphasized that jurisdiction should be based on the asset size at the time of filing, regardless of subsequent changes, to ensure swift resolution of insolvency cases. en-us Wed, 18 Jan 2023 00:00:00 +0530 Sat, 08 Apr 2023 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436240 The Tribunal held that the applications under Section 95 against Personal Guarantors were maintainable as the Financial Service Provider's asset size met the threshold under the relevant Notification. The Adjudicating Authority's dismissal was set aside, and the Company Petitions were revived for further proceedings. The Tribunal emphasized that jurisdiction should be based on the asset size at the time of filing, regardless of subsequent changes, to ensure swift resolution of insolvency cases. Case-Laws Insolvency and Bankruptcy Wed, 18 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436240