https://www.taxtmi.com/caselaws?id=462583 The Tribunal found the application under Section 95(1) of IBC against the Personal Guarantor maintainable, as the creditor bank complied with statutory prerequisites including debt particulars, default evidence, and demand notice issuance. Following SC precedent in Dilip B Jiwrajka, the Tribunal clarified that Sections 95-99 involve no judicial adjudication but procedural examination by Resolution Professional. The appointed Interim Resolution Professional must examine the application and submit recommendations within 10 days. Natural justice principles apply only at Section 100 stage when the Adjudicating Authority decides acceptance or rejection, ensuring the Personal Guarantor's opportunity to respond after RP's report. en-us Wed, 25 Sep 2024 00:00:00 +0530 Wed, 02 Jul 2025 19:03:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462583 The Tribunal found the application under Section 95(1) of IBC against the Personal Guarantor maintainable, as the creditor bank complied with statutory prerequisites including debt particulars, default evidence, and demand notice issuance. Following SC precedent in Dilip B Jiwrajka, the Tribunal clarified that Sections 95-99 involve no judicial adjudication but procedural examination by Resolution Professional. The appointed Interim Resolution Professional must examine the application and submit recommendations within 10 days. Natural justice principles apply only at Section 100 stage when the Adjudicating Authority decides acceptance or rejection, ensuring the Personal Guarantor's opportunity to respond after RP's report. Case-Laws IBC Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462583