2025 (6) TMI 607

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.... Pranava Charan, Advocate For the Respondent : Mr. Sathish Kumar A S, Advocate Judgment Per: Justice Sharad Kumar Sharma, Member (Judicial) The challenge in this Company Appeal, has been given by the Appellant, the Financial Creditor, to the Impugned Order dated 06.01.2025, as it has been passed by the learned National Company Law Tribunal, Chennai Bench, in CP(IB)80/2024, whereby, the Applica....

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....usteeship Services Limited, another Financial Creditor has already initiated proceedings under Section 95 of I & B Code, against the personal guarantor in CP(IB) No.785/2020, and hence no subsequent application under Section 95 can be entertained against the Personal Guarantor owing to the bar created by Section 96 of I & B Code. The said Company Appeal has been dismissed by us by Judgment dated 3....