https://www.taxtmi.com/caselaws?id=791447 A Section 13(2) demand notice addressed to the corporate debtor and personal guarantors, and referring to the guarantee deed, was treated as a valid invocation of the personal guarantees. The moratorium under Section 14 of the Insolvency and Bankruptcy Code did not protect personal guarantors, because the statutory bar applies to the corporate debtor and expressly excludes sureties in a contract of guarantee. Limitation for the Section 95 insolvency application was extended by acknowledgment of debt in successive balance sheets, and the recovery certificate also supplied a fresh cause of action. The insolvency application against the personal guarantors was therefore upheld. en-us Fri, 08 May 2026 00:00:00 +0530 Tue, 12 May 2026 08:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791447 A Section 13(2) demand notice addressed to the corporate debtor and personal guarantors, and referring to the guarantee deed, was treated as a valid invocation of the personal guarantees. The moratorium under Section 14 of the Insolvency and Bankruptcy Code did not protect personal guarantors, because the statutory bar applies to the corporate debtor and expressly excludes sureties in a contract of guarantee. Limitation for the Section 95 insolvency application was extended by acknowledgment of debt in successive balance sheets, and the recovery certificate also supplied a fresh cause of action. The insolvency application against the personal guarantors was therefore upheld. Case-Laws IBC Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791447