https://www.taxtmi.com/article/detailed?id=16897 Section 94 of the Insolvency and Bankruptcy Code does not permit automatic acceptance of every application merely on filing. The Adjudicating Authority must first examine whether the applicant has the requisite locus standi and whether the statutory conditions for maintainability are satisfied. Where the documents identify the applicant as a co-borrower and do not evidence a personal guarantee, the threshold requirement is not established and the application can be rejected without entering into the merits of the insolvency claim. en-us Sat, 11 Jul 2026 10:32:01 +0530 Sat, 11 Jul 2026 10:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16897 Section 94 of the Insolvency and Bankruptcy Code does not permit automatic acceptance of every application merely on filing. The Adjudicating Authority must first examine whether the applicant has the requisite locus standi and whether the statutory conditions for maintainability are satisfied. Where the documents identify the applicant as a co-borrower and do not evidence a personal guarantee, the threshold requirement is not established and the application can be rejected without entering into the merits of the insolvency claim. Articles Corporate Laws / IBC / SEBI Sat, 11 Jul 2026 10:32:01 +0530 https://www.taxtmi.com/article/detailed?id=16897