https://www.taxtmi.com/caselaws?id=772494 A subsequent Section 95 application against a personal guarantor is not maintainable where an earlier proceeding on the same statutory footing is already pending and the bar under Section 96 of the Insolvency and Bankruptcy Code applies. The appellate tribunal followed its earlier view on identical facts, held that the later application could not be entertained as infructuous, and rejected the challenge to the impugned order. The pending insolvency proceedings were left to continue, with a request for expeditious disposal before the Tribunal. en-us Wed, 04 Jun 2025 00:00:00 +0530 Tue, 10 Jun 2025 08:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772494 A subsequent Section 95 application against a personal guarantor is not maintainable where an earlier proceeding on the same statutory footing is already pending and the bar under Section 96 of the Insolvency and Bankruptcy Code applies. The appellate tribunal followed its earlier view on identical facts, held that the later application could not be entertained as infructuous, and rejected the challenge to the impugned order. The pending insolvency proceedings were left to continue, with a request for expeditious disposal before the Tribunal. Case-Laws IBC Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772494