https://www.taxtmi.com/caselaws?id=799482 Clause 24 of the deed of guarantee addresses the security arrangement and does not limit the personal guarantors' joint and several liability, created under Clauses 1, 6 and 9, for principal, interest, costs and charges. A final unchallenged debt-recovery determination of that liability cannot be reopened through collateral repayment-plan proceedings under Section 114. Repayment plans under Sections 111 and 114 require affirmative creditor votes representing 66% of the voting share; without that approval, the Adjudicating Authority cannot override creditors' commercial decision or independently approve the plan. en-us Mon, 21 Sep 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799482 Clause 24 of the deed of guarantee addresses the security arrangement and does not limit the personal guarantors' joint and several liability, created under Clauses 1, 6 and 9, for principal, interest, costs and charges. A final unchallenged debt-recovery determination of that liability cannot be reopened through collateral repayment-plan proceedings under Section 114. Repayment plans under Sections 111 and 114 require affirmative creditor votes representing 66% of the voting share; without that approval, the Adjudicating Authority cannot override creditors' commercial decision or independently approve the plan. Case-Laws IBC Mon, 21 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799482