Deliberate avoidance of participation by personal guarantor u/s. 95 proceedings not acceptable

Sh. Sumeet Juneja Vs Stressed Assets Stabilisation Fund (NCLAT Delhi) NCLAT Delhi held that appellant as a personal guarantor, has been deliberately avoiding participation in the Section 95 proceedings. Accordingly, initiation of proceeding u/s. 95 of the Insolvency and Bankruptcy Code against personal guarantor duly admitted by NCLT. Facts- The present appeal arises from the Impugned Order dated 12.09.2024 passed by NCLT, Chandigarh Bench, whereby the application filed by Respondent No. 1–Stressed Assets Stabilisation Fund (SASF)–against the Appellant/Personal Guarantor of M/s Krishan Eng...