https://www.taxtmi.com/caselaws?id=468021 An individual financial creditor may maintain a Section 95 insolvency application against a personal guarantor even where the loan was originally granted by a consortium, if the guarantee documents and consortium arrangements do not prohibit separate action and the other lenders do not object. The text also notes that a belated objection to maintainability cannot be raised at the admission stage in a second round of litigation by parties who are not genuinely aggrieved. On that reasoning, the admission orders were affirmed and the appeals were found meritless. en-us Wed, 14 Aug 2024 00:00:00 +0530 Mon, 13 Apr 2026 21:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468021 An individual financial creditor may maintain a Section 95 insolvency application against a personal guarantor even where the loan was originally granted by a consortium, if the guarantee documents and consortium arrangements do not prohibit separate action and the other lenders do not object. The text also notes that a belated objection to maintainability cannot be raised at the admission stage in a second round of litigation by parties who are not genuinely aggrieved. On that reasoning, the admission orders were affirmed and the appeals were found meritless. Case-Laws IBC Wed, 14 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468021