https://www.taxtmi.com/caselaws?id=788170 Service of a Form B demand notice under the Insolvency and Bankruptcy Code was held sufficient where it was sent to the guarantor's addresses furnished in the guarantee agreement and reflected in bank records, and where the record showed receipt at one address. A mere assertion that the guarantor had shifted residence did not rebut the presumption of service or invalidate initiation under Section 95. The Tribunal also treated concealment of material facts, including suppression of subsequent developments and lack of candour in the appeal, as evidence of bad faith. On that basis, the challenge was rejected, the admission order was sustained, and costs were imposed. en-us Thu, 23 Oct 2025 00:00:00 +0530 Wed, 18 Mar 2026 08:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788170 Service of a Form B demand notice under the Insolvency and Bankruptcy Code was held sufficient where it was sent to the guarantor's addresses furnished in the guarantee agreement and reflected in bank records, and where the record showed receipt at one address. A mere assertion that the guarantor had shifted residence did not rebut the presumption of service or invalidate initiation under Section 95. The Tribunal also treated concealment of material facts, including suppression of subsequent developments and lack of candour in the appeal, as evidence of bad faith. On that basis, the challenge was rejected, the admission order was sustained, and costs were imposed. Case-Laws IBC Thu, 23 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788170