https://www.taxtmi.com/caselaws?id=790819 Section 95 of the Insolvency and Bankruptcy Code, 2016 triggers an interim moratorium, but a later application is not barred where the alleged earlier proceeding was itself instituted during an already operating moratorium and is therefore non-est in law. On the facts discussed, the later financial creditor's petition was treated as maintainable, and concealment of connected proceedings did not invalidate it. The guarantee issue was decided by reading the loan documents and guarantee deed together: the guarantor's liability continued because the guarantee expressly survived any change in the borrowers' constitution, and the guarantor remained co-extensive with the principal borrower until repayment. en-us Wed, 29 Apr 2026 00:00:00 +0530 Fri, 01 May 2026 10:14:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790819 Section 95 of the Insolvency and Bankruptcy Code, 2016 triggers an interim moratorium, but a later application is not barred where the alleged earlier proceeding was itself instituted during an already operating moratorium and is therefore non-est in law. On the facts discussed, the later financial creditor's petition was treated as maintainable, and concealment of connected proceedings did not invalidate it. The guarantee issue was decided by reading the loan documents and guarantee deed together: the guarantor's liability continued because the guarantee expressly survived any change in the borrowers' constitution, and the guarantor remained co-extensive with the principal borrower until repayment. Case-Laws IBC Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790819