Case of Pravir Krishak vs Bank of Baroda, NCLAT Delhi Judgement Dated 7th January 2026. The appellate tribunal set aside order against a corporate guarantor because the total liability, including interest and charges, was contractually capped at Rs 75 lakh, failing to meet the threshold required for section 7 IBC proceedings. The ruling clarified that a capped guarantee amount limits the entire liability, making the insolvency plea non-maintainable.(Link: NCLAT Delhi Judgement Dated 07/01/2026)