https://www.taxtmi.com/caselaws?id=759361 An application to initiate insolvency resolution against a personal guarantor was rejected because the supporting record was incomplete and the claim was barred by limitation. Although a Resolution Professional had reported in favour of admission, the application did not include the relevant documents concerning the demand notice of invocation and the SARFAESI notice. The tribunal also found that the date of default and the November 2015 demand notice placed the claim outside limitation. As a result, the insolvency proceedings failed at the threshold. en-us Wed, 20 Mar 2024 00:00:00 +0530 Mon, 30 Sep 2024 13:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759361 An application to initiate insolvency resolution against a personal guarantor was rejected because the supporting record was incomplete and the claim was barred by limitation. Although a Resolution Professional had reported in favour of admission, the application did not include the relevant documents concerning the demand notice of invocation and the SARFAESI notice. The tribunal also found that the date of default and the November 2015 demand notice placed the claim outside limitation. As a result, the insolvency proceedings failed at the threshold. Case-Laws IBC Wed, 20 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759361