https://www.taxtmi.com/caselaws?id=773073 NCLAT dismissed appeal challenging admission of insolvency application under Section 95 of IBC against personal guarantor. Court found appellant was granted adequate opportunity to file reply to RP's report, including 10-day extension and final week deadline with peremptory order. Appellant failed to file reply, seek recall of closure order, or challenge appealable order under Section 61. Court concluded appellant showed no genuine intent to contest RP's recommendation for admission. Appeal dismissed as meritless, with insolvency admission upheld as valid. en-us Mon, 27 Jan 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773073 NCLAT dismissed appeal challenging admission of insolvency application under Section 95 of IBC against personal guarantor. Court found appellant was granted adequate opportunity to file reply to RP's report, including 10-day extension and final week deadline with peremptory order. Appellant failed to file reply, seek recall of closure order, or challenge appealable order under Section 61. Court concluded appellant showed no genuine intent to contest RP's recommendation for admission. Appeal dismissed as meritless, with insolvency admission upheld as valid. Case-Laws IBC Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773073