https://www.taxtmi.com/caselaws?id=466537 Corporate guarantor and co borrower status was central: the corporate guarantor had been held jointly liable where financial facilities defaulted and a Section 7 petition was admitted against the corporate debtor, producing insolvency proceedings; outcome-petitionary admission upheld and appeal rejected. Membership of the cooperative bank was contested but record showed the corporate debtor met membership requirements, so that objection failed. Invocation via a SARFAESI notice calling upon co borrowers and guarantors to pay was treated as effective notice of liability, and documentary suppression/fabrication allegations and admissibility of additional documents did not alter the Adjudicating Authority's conclusion. en-us Thu, 23 Jan 2025 00:00:00 +0530 Wed, 11 Feb 2026 20:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466537 Corporate guarantor and co borrower status was central: the corporate guarantor had been held jointly liable where financial facilities defaulted and a Section 7 petition was admitted against the corporate debtor, producing insolvency proceedings; outcome-petitionary admission upheld and appeal rejected. Membership of the cooperative bank was contested but record showed the corporate debtor met membership requirements, so that objection failed. Invocation via a SARFAESI notice calling upon co borrowers and guarantors to pay was treated as effective notice of liability, and documentary suppression/fabrication allegations and admissibility of additional documents did not alter the Adjudicating Authority's conclusion. Case-Laws IBC Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466537