https://www.taxtmi.com/caselaws?id=796780 Limitation applies to personal guarantor applications under Section 94 of the Insolvency and Bankruptcy Code through Section 238A; an application filed long after guarantee invocation is barred. A debtor-filed Section 94 application that is ex facie time-barred or otherwise non-maintainable may be rejected at the threshold without appointing a Resolution Professional or obtaining a report under Sections 97 and 99. Filing insolvency proceedings only after secured-assets auction proceedings have substantially concluded, despite longstanding knowledge of recovery action, may demonstrate lack of bona fides and abuse of process where the application seeks to impede matured recovery rather than pursue genuine insolvency resolution. en-us Fri, 07 Aug 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:46:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796780 Limitation applies to personal guarantor applications under Section 94 of the Insolvency and Bankruptcy Code through Section 238A; an application filed long after guarantee invocation is barred. A debtor-filed Section 94 application that is ex facie time-barred or otherwise non-maintainable may be rejected at the threshold without appointing a Resolution Professional or obtaining a report under Sections 97 and 99. Filing insolvency proceedings only after secured-assets auction proceedings have substantially concluded, despite longstanding knowledge of recovery action, may demonstrate lack of bona fides and abuse of process where the application seeks to impede matured recovery rather than pursue genuine insolvency resolution. Case-Laws IBC Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796780