https://www.taxtmi.com/caselaws?id=769378 The SC/Tribunal upheld the initiation of Corporate Insolvency Resolution Process (CIRP) against Personal Guarantors under Section 95 of IBC, despite a prior Resolution Plan approval for the Corporate Debtor. The court ruled that the Financial Creditor retains the right to recover unrecovered debt from Personal Guarantors, and disputes about debt quantum cannot prevent Section 95 proceedings at the admission stage. The decision affirms the independence of Personal Guarantee enforcement from Corporate Debtor's Resolution Plan. en-us Mon, 21 Apr 2025 00:00:00 +0530 Thu, 24 Apr 2025 09:14:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769378 The SC/Tribunal upheld the initiation of Corporate Insolvency Resolution Process (CIRP) against Personal Guarantors under Section 95 of IBC, despite a prior Resolution Plan approval for the Corporate Debtor. The court ruled that the Financial Creditor retains the right to recover unrecovered debt from Personal Guarantors, and disputes about debt quantum cannot prevent Section 95 proceedings at the admission stage. The decision affirms the independence of Personal Guarantee enforcement from Corporate Debtor's Resolution Plan. Case-Laws IBC Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769378