https://www.taxtmi.com/caselaws?id=415863 The Tribunal found that the Corporate Guarantee was provided to the Respondent and Adjudicating Authority, and its absence in the Books of Accounts did not invalidate the claim. The non-invocation and non-crystallization of the Guarantee into debt were deemed irrelevant. Consequently, the Tribunal overturned the rejection of the Appellant's claim of Rs. 54,97,35,793 and directed the Resolution Professional to verify the Corporate Guarantee documents and admit the claim. en-us Mon, 13 Dec 2021 00:00:00 +0530 Thu, 16 Dec 2021 09:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415863 The Tribunal found that the Corporate Guarantee was provided to the Respondent and Adjudicating Authority, and its absence in the Books of Accounts did not invalidate the claim. The non-invocation and non-crystallization of the Guarantee into debt were deemed irrelevant. Consequently, the Tribunal overturned the rejection of the Appellant's claim of Rs. 54,97,35,793 and directed the Resolution Professional to verify the Corporate Guarantee documents and admit the claim. Case-Laws Insolvency and Bankruptcy Mon, 13 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415863