https://www.taxtmi.com/highlights?id=76624 CIRP - Corporate Guarantee and Liability - The Appellate Tribunal acknowledged that the company had issued corporate guarantees to financial institutions. Despite the guarantee not being invoked, the Tribunal emphasized that the liability of the corporate guarantor remains intact. It cited clauses from the Guarantee Deed emphasizing that the rights of lenders against the guarantor remain in force regardless of any arrangements between lenders and other guarantors. en-us Tue, 16 Apr 2024 07:10:19 +0530 Tue, 16 Apr 2024 07:10:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76624 CIRP - Corporate Guarantee and Liability - The Appellate Tribunal acknowledged that the company had issued corporate guarantees to financial institutions. Despite the guarantee not being invoked, the Tribunal emphasized that the liability of the corporate guarantor remains intact. It cited clauses from the Guarantee Deed emphasizing that the rights of lenders against the guarantor remain in force regardless of any arrangements between lenders and other guarantors. Highlights Insolvency and Bankruptcy Tue, 16 Apr 2024 07:10:19 +0530 https://www.taxtmi.com/highlights?id=76624