https://www.taxtmi.com/caselaws?id=472076 Shareholder intervention in financial creditor-initiated insolvency proceedings is not maintainable merely to challenge the validity of a corporate guarantee. Objections to the financial creditor's material and all legally permissible defences to the insolvency application must be raised by the corporate debtor itself. The corporate debtor, rather than an individual shareholder, is entitled to contest the corporate guarantee and defend the insolvency proceedings. en-us Wed, 30 Mar 2022 00:00:00 +0530 Tue, 29 Sep 2026 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472076 Shareholder intervention in financial creditor-initiated insolvency proceedings is not maintainable merely to challenge the validity of a corporate guarantee. Objections to the financial creditor's material and all legally permissible defences to the insolvency application must be raised by the corporate debtor itself. The corporate debtor, rather than an individual shareholder, is entitled to contest the corporate guarantee and defend the insolvency proceedings. Case-Laws IBC Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472076