The Fine Print That Binds: Analyzing the ‘Continuing’ and ‘Irrevocable’ Guarantee in Modern Insolvency Law
Introduction The legal principles governing insolvency today are subject to constant revision, particularly regarding the liability of personal guarantors to corporate debtors under the IBC1. A crucial point of legal contention revolves around the scope and revocation of continuing guarantees when a guarantor resigns and a corporate debt is subsequently renewed or enhanced. The NCLAT2, Principal Bench, New Delhi, addressed […]
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