https://www.taxtmi.com/caselaws?id=784298 Later finance documents that expressly preserved existing securities were treated as not extinguishing earlier corporate guarantees, so novation was rejected and invocation of the earlier guarantees was accepted for maintaining the Section 7 insolvency application. The objection that the earlier guarantee deeds were insufficiently stamped was treated as a curable defect, and technical stamping issues were held not to defeat insolvency proceedings where debt and default were otherwise established. On those grounds, the appeal failed and admission of the Section 7 application was upheld. en-us Thu, 25 Sep 2025 00:00:00 +0530 Fri, 02 Jan 2026 07:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784298 Later finance documents that expressly preserved existing securities were treated as not extinguishing earlier corporate guarantees, so novation was rejected and invocation of the earlier guarantees was accepted for maintaining the Section 7 insolvency application. The objection that the earlier guarantee deeds were insufficiently stamped was treated as a curable defect, and technical stamping issues were held not to defeat insolvency proceedings where debt and default were otherwise established. On those grounds, the appeal failed and admission of the Section 7 application was upheld. Case-Laws IBC Thu, 25 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784298