https://www.taxtmi.com/caselaws?id=784770 A personal guarantor's liability continued because the debt was not shown to have been fully discharged by repayments, plan allocations, or any no-dues certificate, settlement, novation, or waiver; the certified bank statement and the guarantee terms supported subsisting liability. Pendency of recovery proceedings before the DRT did not bar initiation of insolvency proceedings under Section 95 of the Insolvency and Bankruptcy Code, as the Code operates independently and need not await the recovery forum's outcome. Alleged defects in verification or notice did not vitiate the admission order where the guarantors had participated, replied, and filed objections without demonstrated prejudice. 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 A personal guarantor's liability continued because the debt was not shown to have been fully discharged by repayments, plan allocations, or any no-dues certificate, settlement, novation, or waiver; the certified bank statement and the guarantee terms supported subsisting liability. Pendency of recovery proceedings before the DRT did not bar initiation of insolvency proceedings under Section 95 of the Insolvency and Bankruptcy Code, as the Code operates independently and need not await the recovery forum's outcome. Alleged defects in verification or notice did not vitiate the admission order where the guarantors had participated, replied, and filed objections without demonstrated prejudice. Case-Laws IBC Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784770