https://www.taxtmi.com/caselaws?id=784131 Invocation of a corporate guarantee is not a prerequisite for filing a financial creditor's claim in CIRP, because the insolvency framework treats claim, debt and default as distinct concepts. A claim may exist on the basis of the underlying right to payment even before the guarantee is invoked, and the moratorium does not extinguish that claim. The earlier view that non-invocation barred admission was rejected. The claim was therefore maintainable, and the resolution professional was required to verify and admit it and restore the creditor's participation in the CIRP. en-us Mon, 08 Dec 2025 00:00:00 +0530 Sat, 27 Dec 2025 10:59:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784131 Invocation of a corporate guarantee is not a prerequisite for filing a financial creditor's claim in CIRP, because the insolvency framework treats claim, debt and default as distinct concepts. A claim may exist on the basis of the underlying right to payment even before the guarantee is invoked, and the moratorium does not extinguish that claim. The earlier view that non-invocation barred admission was rejected. The claim was therefore maintainable, and the resolution professional was required to verify and admit it and restore the creditor's participation in the CIRP. Case-Laws IBC Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784131