https://www.taxtmi.com/caselaws?id=781140 NCLAT PB held the 2009 Deed of Guarantee to be a continuing, irrevocable guarantee that bound the guarantor for subsequent renewals and variations of facilities; the guarantor remained liable despite resignation as director. The Adjudicating Authority properly considered the RP's Additional Report and loan records; debt and default under the guarantee were established and insolvency resolution proceedings against the guarantor were upheld. For equity, liability was capped at Rs. 3.84 crore as per the Deed dated 25.08.2009. Appeal disposed of. en-us Wed, 29 Oct 2025 00:00:00 +0530 Tue, 11 Nov 2025 15:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781140 NCLAT PB held the 2009 Deed of Guarantee to be a continuing, irrevocable guarantee that bound the guarantor for subsequent renewals and variations of facilities; the guarantor remained liable despite resignation as director. The Adjudicating Authority properly considered the RP's Additional Report and loan records; debt and default under the guarantee were established and insolvency resolution proceedings against the guarantor were upheld. For equity, liability was capped at Rs. 3.84 crore as per the Deed dated 25.08.2009. Appeal disposed of. Case-Laws IBC Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781140