https://www.taxtmi.com/caselaws?id=800187 Liberty to revive appeals dismissed as infructuous following a one-time settlement applies where the settlement fails because of the bank's default, not where the principal borrower and personal guarantors fail to perform their obligations. The settlement required payment of outstanding stipulated amounts and guarantors' cooperation; no further payment was made after the upfront amount. As the borrower's and guarantors' liabilities were co-extensive, personal guarantors could not invoke revival liberty to benefit from their own non-compliance. Revival of the appeals was therefore unavailable to them. en-us Wed, 30 Sep 2026 00:00:00 +0530 Sat, 03 Oct 2026 09:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800187 Liberty to revive appeals dismissed as infructuous following a one-time settlement applies where the settlement fails because of the bank's default, not where the principal borrower and personal guarantors fail to perform their obligations. The settlement required payment of outstanding stipulated amounts and guarantors' cooperation; no further payment was made after the upfront amount. As the borrower's and guarantors' liabilities were co-extensive, personal guarantors could not invoke revival liberty to benefit from their own non-compliance. Revival of the appeals was therefore unavailable to them. Case-Laws IBC Wed, 30 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800187