IBBI NCLAT Delhi Judgement Dated 21/05/2025 – Approval of resolution plan doesn’t ipso facto absolve Guarantor 

Case of Indian Bank vs Anjanee Kumar Lakhotia, NCLAT Delhi Judgement Dated 21th May 2025. The appellant authority held that by approval of resolution plan, the personal guarantee is not ipso facto discharged. Thus, the Indian Bank which is dissenting Financial Creditor cannot proceed to file an application under Section 95 against the respondent. 

(Link: NCLAT Delhi Judgement Dated 21/05/2025)

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