https://www.taxtmi.com/caselaws?id=783347 Where a corporate insolvency resolution process is already pending against the principal borrower, proceedings for insolvency resolution or bankruptcy of the personal guarantor fall within the National Company Law Tribunal's jurisdiction under the Insolvency and Bankruptcy Code. Pending proceedings before the Debt Recovery Tribunal are excluded and must be transferred to the NCLT, which also exercises the relevant powers for that purpose. On that basis, the Debt Recovery Tribunal order entered in the guarantor proceedings was held unsustainable for want of jurisdiction and was set aside, and the matter was directed to proceed before the NCLT in accordance with law. en-us Wed, 10 Dec 2025 00:00:00 +0530 Mon, 15 Dec 2025 08:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783347 Where a corporate insolvency resolution process is already pending against the principal borrower, proceedings for insolvency resolution or bankruptcy of the personal guarantor fall within the National Company Law Tribunal's jurisdiction under the Insolvency and Bankruptcy Code. Pending proceedings before the Debt Recovery Tribunal are excluded and must be transferred to the NCLT, which also exercises the relevant powers for that purpose. On that basis, the Debt Recovery Tribunal order entered in the guarantor proceedings was held unsustainable for want of jurisdiction and was set aside, and the matter was directed to proceed before the NCLT in accordance with law. Case-Laws IBC Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783347