https://www.taxtmi.com/caselaws?id=777647 NCLAT (PB) New Delhi upheld admission of the Section 95 application, holding the bank proved grant of Rs. 44 crore facilities and consequent liability under the personal guarantee executed on 02.03.2016. The promissory note and related security supported consideration for the guarantee; the appellant's contention that no subsequent disbursement extinguished liability was rejected. Pendency of the appellant's counterclaim before DRT or non-invocation of the guarantee did not bar initiation of Section 95 proceedings. The appellant remains free to submit a repayment plan before the RP; no interference with the adjudicating authority's order was warranted. en-us Tue, 02 Sep 2025 00:00:00 +0530 Wed, 03 Sep 2025 08:19:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777647 NCLAT (PB) New Delhi upheld admission of the Section 95 application, holding the bank proved grant of Rs. 44 crore facilities and consequent liability under the personal guarantee executed on 02.03.2016. The promissory note and related security supported consideration for the guarantee; the appellant's contention that no subsequent disbursement extinguished liability was rejected. Pendency of the appellant's counterclaim before DRT or non-invocation of the guarantee did not bar initiation of Section 95 proceedings. The appellant remains free to submit a repayment plan before the RP; no interference with the adjudicating authority's order was warranted. Case-Laws IBC Tue, 02 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777647