NCLAT Dismisses Financial Creditor's Appeal Against Personal Guarantor Due to Prior Pending Section 95 Proceedings - Bar Under Section 96 IBC. The court held that a subsequent application under Section 95 of IBC is not maintainable when another application under Section 95 is already pending against the same personal guarantor.
30 Apr 2025The case involves an appeal by Indian Bank (Financial Creditor) against an order of the National Company Law Tribunal (NCLT), Chennai Bench, dated 06....





