https://www.taxtmi.com/caselaws?id=796987 A continuing personal guarantee remained operative until outstanding dues were paid and extended to renewed credit facilities because the guarantor signed the renewal at the existing level. The principal cap did not exclude contractual interest: liability covered the specified principal amount together with interest at the stipulated rate or any rate notified by the bank from the date of demand. Consequently, the personal guarantor insolvency application was admitted without appellate interference. The governing principle is that a continuing guarantee, where the guarantor assents to renewal, covers renewed facilities and the agreed interest component in addition to the principal limit. en-us Thu, 13 Aug 2026 00:00:00 +0530 Fri, 14 Aug 2026 07:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796987 A continuing personal guarantee remained operative until outstanding dues were paid and extended to renewed credit facilities because the guarantor signed the renewal at the existing level. The principal cap did not exclude contractual interest: liability covered the specified principal amount together with interest at the stipulated rate or any rate notified by the bank from the date of demand. Consequently, the personal guarantor insolvency application was admitted without appellate interference. The governing principle is that a continuing guarantee, where the guarantor assents to renewal, covers renewed facilities and the agreed interest component in addition to the principal limit. Case-Laws IBC Thu, 13 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796987