https://www.taxtmi.com/caselaws?id=778271 NCLAT dismissed the appeal, holding the corporate guarantor's liability subsisted despite a revised sanction and subsequent demerger/amalgamation schemes transferring liabilities. The revised sanction dated 18.11.2017 did not discharge existing terms, including the guarantee clause, and no evidence showed the financial creditor ever discharged the guarantor. A post-renewal letter requesting release of the guarantee indicated the guarantee continued. The impugned order was found free of error and left undisturbed; the appeal was dismissed without costs. en-us Thu, 11 Sep 2025 00:00:00 +0530 Sat, 13 Sep 2025 08:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778271 NCLAT dismissed the appeal, holding the corporate guarantor's liability subsisted despite a revised sanction and subsequent demerger/amalgamation schemes transferring liabilities. The revised sanction dated 18.11.2017 did not discharge existing terms, including the guarantee clause, and no evidence showed the financial creditor ever discharged the guarantor. A post-renewal letter requesting release of the guarantee indicated the guarantee continued. The impugned order was found free of error and left undisturbed; the appeal was dismissed without costs. Case-Laws IBC Thu, 11 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778271