https://www.taxtmi.com/caselaws?id=786241 A continuing corporate guarantee remained enforceable because the second deed's recital is non operative and blank spaces were immaterial as they were in recitals, not in operative terms; if the second deed were void the first deed would still bind the guarantor. A bank's review proposal did not constitute novation or discharge absent fulfillment of specified conditions, so the guarantee subsisted and was rightly invoked. Pendency of a civil suit did not bar initiation of corporate insolvency proceedings unless fraud is pleaded and proved. The guarantor's acknowledgment of liability within the limitation period prevented time bar; the adjudicating authority's acceptance of the petition was affirmed and the appeal dismissed. en-us Fri, 06 Feb 2026 00:00:00 +0530 Tue, 10 Feb 2026 07:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786241 A continuing corporate guarantee remained enforceable because the second deed's recital is non operative and blank spaces were immaterial as they were in recitals, not in operative terms; if the second deed were void the first deed would still bind the guarantor. A bank's review proposal did not constitute novation or discharge absent fulfillment of specified conditions, so the guarantee subsisted and was rightly invoked. Pendency of a civil suit did not bar initiation of corporate insolvency proceedings unless fraud is pleaded and proved. The guarantor's acknowledgment of liability within the limitation period prevented time bar; the adjudicating authority's acceptance of the petition was affirmed and the appeal dismissed. Case-Laws IBC Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786241