https://www.taxtmi.com/news?id=74565 A five-member special bench found that no clear majority view existed under section 419(5) of the Companies Act and stayed the third member's order that had permitted the proposed recovery. Notices were directed to all parties, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. The dispute concerns approval of a personal guarantor's repayment proposal, treatment of guarantee claims, creditor voting support, assessment of the personal estate, and scrutiny of declared net worth. en-us Tue, 01 Sep 2026 13:46:03 +0530 Tue, 01 Sep 2026 13:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74565 A five-member special bench found that no clear majority view existed under section 419(5) of the Companies Act and stayed the third member's order that had permitted the proposed recovery. Notices were directed to all parties, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. The dispute concerns approval of a personal guarantor's repayment proposal, treatment of guarantee claims, creditor voting support, assessment of the personal estate, and scrutiny of declared net worth. News - Tue, 01 Sep 2026 13:46:03 +0530 https://www.taxtmi.com/news?id=74565