https://www.taxtmi.com/caselaws?id=784770 Liability of personal guarantors under an admitted CIRP claim and approved resolution plan was contested on the plea of full repayment/incorrect computation. The Tribunal held that an approved plan under s.31 IBC binds stakeholders and, absent any express discharge, guarantor liability continues for the unpaid balance; no no-dues certificate, settlement, waiver/novation, or other legally cognizable discharge document was produced, and unilateral computation sheets and deposits did not prove extinguishment. Consequently, debt and default remained established and admission under s.95 IBC was upheld. Pendency of recovery proceedings before DRT was held not to bar initiation/admission of insolvency against personal guarantors under s.95, applying pari materia principles from s.7 IBC; the objection was rejected. Alleged notice defects and RP's imperfect verification were treated as non-prejudicial because the guarantors participated and the AA independently satisfied itself under s.100; the challenge failed and the appeals were dismissed. en-us Wed, 07 Jan 2026 00:00:00 +0530 Mon, 12 Jan 2026 09:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784770 Liability of personal guarantors under an admitted CIRP claim and approved resolution plan was contested on the plea of full repayment/incorrect computation. The Tribunal held that an approved plan under s.31 IBC binds stakeholders and, absent any express discharge, guarantor liability continues for the unpaid balance; no no-dues certificate, settlement, waiver/novation, or other legally cognizable discharge document was produced, and unilateral computation sheets and deposits did not prove extinguishment. Consequently, debt and default remained established and admission under s.95 IBC was upheld. Pendency of recovery proceedings before DRT was held not to bar initiation/admission of insolvency against personal guarantors under s.95, applying pari materia principles from s.7 IBC; the objection was rejected. Alleged notice defects and RP's imperfect verification were treated as non-prejudicial because the guarantors participated and the AA independently satisfied itself under s.100; the challenge failed and the appeals were dismissed. Case-Laws IBC Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784770