https://www.taxtmi.com/highlights?id=79457 The Appellate Tribunal held that the Financial Creditor is permitted to amend the date of default pleaded in the rejoinder affidavit, as the date of default is relevant for computing the limitation period for filing an application u/s 95. It is well-settled that a Financial Creditor can supplement the application by filing additional documents. In this case, the issue of invoking the Personal Guarantor's guarantee was specifically raised. The Adjudicating Authority granted time to the Personal Guarantor to file a reply opposing the new date of default inserted by the Petitioner. The Personal Guarantor has ample opportunity to satisfy the court that the amended date is not the correct date and raise contentions regarding limitation. Parties ..... en-us Wed, 17 Jul 2024 08:05:10 +0530 Wed, 17 Jul 2024 08:05:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79457 The Appellate Tribunal held that the Financial Creditor is permitted to amend the date of default pleaded in the rejoinder affidavit, as the date of default is relevant for computing the limitation period for filing an application u/s 95. It is well-settled that a Financial Creditor can supplement the application by filing additional documents. In this case, the issue of invoking the Personal Guarantor's guarantee was specifically raised. The Adjudicating Authority granted time to the Personal Guarantor to file a reply opposing the new date of default inserted by the Petitioner. The Personal Guarantor has ample opportunity to satisfy the court that the amended date is not the correct date and raise contentions regarding limitation. Parties ..... Highlights Insolvency and Bankruptcy Wed, 17 Jul 2024 08:05:10 +0530 https://www.taxtmi.com/highlights?id=79457