https://www.taxtmi.com/caselaws?id=782471 Section 60(2) of the Insolvency and Bankruptcy Code creates a special jurisdictional exception where insolvency proceedings against a principal borrower are already pending before an NCLT, and that term "pending" includes an instituted but undecided Section 7 application, not only a formally admitted CIRP. Accordingly, a proceeding against a corporate guarantor may be filed before the same Adjudicating Authority to keep connected insolvency matters arising from the same transaction before one forum and avoid conflicting decisions. On the stated facts, the Chennai Bench had jurisdiction, and the territorial objection failed, including because it was not timely raised. en-us Fri, 01 Aug 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782471 Section 60(2) of the Insolvency and Bankruptcy Code creates a special jurisdictional exception where insolvency proceedings against a principal borrower are already pending before an NCLT, and that term "pending" includes an instituted but undecided Section 7 application, not only a formally admitted CIRP. Accordingly, a proceeding against a corporate guarantor may be filed before the same Adjudicating Authority to keep connected insolvency matters arising from the same transaction before one forum and avoid conflicting decisions. On the stated facts, the Chennai Bench had jurisdiction, and the territorial objection failed, including because it was not timely raised. Case-Laws IBC Fri, 01 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782471