https://www.taxtmi.com/caselaws?id=774779 NCLAT Principal Bench dismissed appeal challenging admission of Section 7 petition. Corporate debtor argued guarantee invocation notice could not revive after restructuring agreement withdrawal and was barred by Section 10A moratorium. Tribunal held restructuring termination created fresh cause of action, with default occurring on 25 March 2023, beyond Section 10A period. Continuing guarantee covered all defaults until full payment. Section 10A did not prohibit valid debt restructuring arrangements. Corporate debtor's admission of debt and default justified Section 7 application admission. en-us Wed, 09 Jul 2025 00:00:00 +0530 Tue, 15 Jul 2025 08:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774779 NCLAT Principal Bench dismissed appeal challenging admission of Section 7 petition. Corporate debtor argued guarantee invocation notice could not revive after restructuring agreement withdrawal and was barred by Section 10A moratorium. Tribunal held restructuring termination created fresh cause of action, with default occurring on 25 March 2023, beyond Section 10A period. Continuing guarantee covered all defaults until full payment. Section 10A did not prohibit valid debt restructuring arrangements. Corporate debtor's admission of debt and default justified Section 7 application admission. Case-Laws IBC Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774779