https://www.taxtmi.com/caselaws?id=441211 The Tribunal upheld the NCLT's jurisdiction over insolvency proceedings against Personal Guarantors, clarifying that Section 179 of the IBC is subject to Section 60. It was determined that insolvency proceedings can be initiated against Personal Guarantors without a pending CIRP against the Corporate Debtor. The Tribunal emphasized that the limitation period for initiating insolvency proceedings was met in this case, dismissing the appeal and upholding the order admitting the petition under Section 95 of the IBC. en-us Tue, 01 Aug 2023 00:00:00 +0530 Fri, 04 Aug 2023 07:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441211 The Tribunal upheld the NCLT's jurisdiction over insolvency proceedings against Personal Guarantors, clarifying that Section 179 of the IBC is subject to Section 60. It was determined that insolvency proceedings can be initiated against Personal Guarantors without a pending CIRP against the Corporate Debtor. The Tribunal emphasized that the limitation period for initiating insolvency proceedings was met in this case, dismissing the appeal and upholding the order admitting the petition under Section 95 of the IBC. Case-Laws Insolvency and Bankruptcy Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441211