https://www.taxtmi.com/caselaws?id=794363 Personal guarantees were treated as validly invoked before Section 95 proceedings because the guarantee deed required a demand on the guarantor, and the invocation letter, recall notice, statutory demand notice, and recovery proceedings together showed that demand had been made and service was proved through dispatch to the last known address under the deed's service clause. The guarantors' admissions on invocation, recall, and DRT proceedings further supported that liability had been called upon before the applications were filed. The Resolution Professional's report was only recommendatory, and the Adjudicating Authority independently assessed the record before admitting the applications against the personal guarantors; that admission was upheld. en-us Tue, 30 Jun 2026 00:00:00 +0530 Sat, 04 Jul 2026 08:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794363 Personal guarantees were treated as validly invoked before Section 95 proceedings because the guarantee deed required a demand on the guarantor, and the invocation letter, recall notice, statutory demand notice, and recovery proceedings together showed that demand had been made and service was proved through dispatch to the last known address under the deed's service clause. The guarantors' admissions on invocation, recall, and DRT proceedings further supported that liability had been called upon before the applications were filed. The Resolution Professional's report was only recommendatory, and the Adjudicating Authority independently assessed the record before admitting the applications against the personal guarantors; that admission was upheld. Case-Laws IBC Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794363