https://www.taxtmi.com/article/detailed?id=13277 A personal guarantor who has not discharged the guarantee does not possess an admitted financial liability and therefore cannot be treated as a Financial Creditor or allocated voting rights or membership in the Committee of Creditors. Suretyship permits subrogation into the creditor's position only upon payment by the guarantor; until such payment, guarantor claims remain contingent and may be placed before the resolution professional and the committee if recovery is effected during the insolvency process. en-us Wed, 01 Jan 2025 15:48:52 +0530 Wed, 01 Jan 2025 15:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13277 A personal guarantor who has not discharged the guarantee does not possess an admitted financial liability and therefore cannot be treated as a Financial Creditor or allocated voting rights or membership in the Committee of Creditors. Suretyship permits subrogation into the creditor's position only upon payment by the guarantor; until such payment, guarantor claims remain contingent and may be placed before the resolution professional and the committee if recovery is effected during the insolvency process. Articles Corporate Laws / IBC / SEBI Wed, 01 Jan 2025 15:48:52 +0530 https://www.taxtmi.com/article/detailed?id=13277