https://www.taxtmi.com/caselaws?id=447534 The Tribunal condoned a 13-day delay in filing an appeal due to medical reasons. The appeal challenged the approval of a Resolution Plan, arguing that it did not absolve personal guarantors of their obligations. The Tribunal, referencing established legal principles, noted that the approval of a resolution plan does not discharge personal guarantees. Despite the resolution applicant assuming limited liability, the personal guarantors' obligations remained intact. The Tribunal found no merit in the appeal and dismissed it, upholding the Resolution Plan's approval under Section 61. en-us Thu, 07 Dec 2023 00:00:00 +0530 Fri, 29 Dec 2023 07:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447534 The Tribunal condoned a 13-day delay in filing an appeal due to medical reasons. The appeal challenged the approval of a Resolution Plan, arguing that it did not absolve personal guarantors of their obligations. The Tribunal, referencing established legal principles, noted that the approval of a resolution plan does not discharge personal guarantees. Despite the resolution applicant assuming limited liability, the personal guarantors' obligations remained intact. The Tribunal found no merit in the appeal and dismissed it, upholding the Resolution Plan's approval under Section 61. Case-Laws Insolvency and Bankruptcy Thu, 07 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447534