https://www.taxtmi.com/caselaws?id=772985 Non-submission of a repayment plan by a personal guarantor is treated as rejection within the insolvency sequence, so creditors may invoke the bankruptcy-triggering provision once no plan is filed for consideration and approval. The text also states that, where the appellate provision allows an appeal by any aggrieved person, no separate leave application is required to file the appeal. On that basis, the challenge to the bankruptcy-related order failed and the ancillary leave applications were unnecessary. en-us Fri, 13 Jun 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772985 Non-submission of a repayment plan by a personal guarantor is treated as rejection within the insolvency sequence, so creditors may invoke the bankruptcy-triggering provision once no plan is filed for consideration and approval. The text also states that, where the appellate provision allows an appeal by any aggrieved person, no separate leave application is required to file the appeal. On that basis, the challenge to the bankruptcy-related order failed and the ancillary leave applications were unnecessary. Case-Laws IBC Fri, 13 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772985