https://www.taxtmi.com/caselaws?id=789002 An acknowledgment of debt by the principal borrower within the limitation period extended time for proceedings against the personal guarantor, because the guarantor's liability was coextensive with the borrower's liability. Correspondence dated 07.12.2016, 23.02.2017 and 15.03.2017 was treated as continuing acknowledgment, and the 15.03.2017 letter was read as a whole as a restructuring and settlement proposal. A unilateral request for release from an unconditional, absolute and irrevocable continuing guarantee did not extinguish liability under the guarantee deed. The words "without prejudice" did not negate an otherwise clear acknowledgment of liability. en-us Fri, 06 Feb 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789002 An acknowledgment of debt by the principal borrower within the limitation period extended time for proceedings against the personal guarantor, because the guarantor's liability was coextensive with the borrower's liability. Correspondence dated 07.12.2016, 23.02.2017 and 15.03.2017 was treated as continuing acknowledgment, and the 15.03.2017 letter was read as a whole as a restructuring and settlement proposal. A unilateral request for release from an unconditional, absolute and irrevocable continuing guarantee did not extinguish liability under the guarantee deed. The words "without prejudice" did not negate an otherwise clear acknowledgment of liability. Case-Laws IBC Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789002