Section 95 IBC

invocation of personal guarantee
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLT examined whether a statutory Form B notice under R. 7(2) of the 2019 Rules, without a distinct contractual demand, can give rise to liability under an on-demand guarantee.

Limitation period for Section 95 IBC application
Case BriefsTribunals/Commissions/Regulatory Bodies

The appellant relying on Tottempudi Salalith v. State Bank of India, (2024) 1 SCC 24, contended that the limitation for filing Section 95 IBC application in the present case must be treated as 12 years and hence the application filed was not barred by time.