https://www.taxtmi.com/caselaws?id=790815 In personal insolvency proceedings under the Insolvency and Bankruptcy Code, failure by personal guarantors to submit a repayment plan despite opportunity was treated as statutory rejection of the plan, permitting the creditor to initiate bankruptcy proceedings. The Tribunal held that one-time settlement proposals could not replace the required repayment plan. It also found that objections based on allegedly inflated dues, prior recovery steps, or amounts recovered from the corporate debtor did not displace the bankruptcy process, especially where guarantor status and co-extensive liability under the guarantee deed were admitted and earlier proceedings had attained finality. en-us Wed, 15 Apr 2026 00:00:00 +0530 Fri, 01 May 2026 10:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790815 In personal insolvency proceedings under the Insolvency and Bankruptcy Code, failure by personal guarantors to submit a repayment plan despite opportunity was treated as statutory rejection of the plan, permitting the creditor to initiate bankruptcy proceedings. The Tribunal held that one-time settlement proposals could not replace the required repayment plan. It also found that objections based on allegedly inflated dues, prior recovery steps, or amounts recovered from the corporate debtor did not displace the bankruptcy process, especially where guarantor status and co-extensive liability under the guarantee deed were admitted and earlier proceedings had attained finality. Case-Laws IBC Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790815