https://www.taxtmi.com/caselaws?id=795312 A corporate debtor's undisputed part-payment extended limitation against the personal guarantor because the guarantee bound the guarantor to the borrower's part-payments and the guarantor's liability was co-extensive with that of the principal borrower. Dismissal of an earlier recovery application for default did not extinguish the underlying debt or render insolvency proceedings non-maintainable. Accordingly, the application to initiate insolvency resolution against the personal guarantor under Section 95, filed after the part-payment, was within limitation and maintainable. en-us Fri, 17 Jul 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795312 A corporate debtor's undisputed part-payment extended limitation against the personal guarantor because the guarantee bound the guarantor to the borrower's part-payments and the guarantor's liability was co-extensive with that of the principal borrower. Dismissal of an earlier recovery application for default did not extinguish the underlying debt or render insolvency proceedings non-maintainable. Accordingly, the application to initiate insolvency resolution against the personal guarantor under Section 95, filed after the part-payment, was within limitation and maintainable. Case-Laws IBC Fri, 17 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795312