https://www.taxtmi.com/caselaws?id=799261 Continuing guarantee obligations are not extinguished by an arbitral repayment arrangement unless novation, a substituted contract, or an express release is established; such an arrangement does not make the guarantor a co-borrower. A creditor retains standing to invoke a guarantee where no assignment of its independent debt share or full satisfaction is shown. Third-party assumption of liabilities, payments, restructuring by other lenders, or security realisation do not discharge the guarantor absent binding substitution, creditor-led variation without consent, or contractual release. A personal insolvency application filed within three years of default is timely. Disputes over guarantee caps or debt computation do not prevent admission where debt and default are established, subject to crediting recoveries to avoid double recovery. en-us Thu, 17 Sep 2026 00:00:00 +0530 Sat, 19 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799261 Continuing guarantee obligations are not extinguished by an arbitral repayment arrangement unless novation, a substituted contract, or an express release is established; such an arrangement does not make the guarantor a co-borrower. A creditor retains standing to invoke a guarantee where no assignment of its independent debt share or full satisfaction is shown. Third-party assumption of liabilities, payments, restructuring by other lenders, or security realisation do not discharge the guarantor absent binding substitution, creditor-led variation without consent, or contractual release. A personal insolvency application filed within three years of default is timely. Disputes over guarantee caps or debt computation do not prevent admission where debt and default are established, subject to crediting recoveries to avoid double recovery. Case-Laws IBC Thu, 17 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799261