https://www.taxtmi.com/caselaws?id=802212 A borrower's written acknowledgment of subsisting debt before expiry of the limitation period starts a fresh period and can bind a guarantor where the guarantee so provides. Rejection of a settlement proposal does not itself negate an acknowledgment. A continuing guarantee may preserve the guarantor's obligations despite changes to loan or security documents; resignation as director or revised credit facilities do not alone establish novation or release. Disputed signatures on later documents do not automatically prevent summary insolvency proceedings where admitted earlier guarantees independently establish debt and default. Non-enforcement of collateral does not discharge a guarantor without proof of the relevant conditions, such as impairment of security or release of the principal debtor. en-us Fri, 30 Oct 2026 00:00:00 +0530 Tue, 03 Nov 2026 09:23:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802212 A borrower's written acknowledgment of subsisting debt before expiry of the limitation period starts a fresh period and can bind a guarantor where the guarantee so provides. Rejection of a settlement proposal does not itself negate an acknowledgment. A continuing guarantee may preserve the guarantor's obligations despite changes to loan or security documents; resignation as director or revised credit facilities do not alone establish novation or release. Disputed signatures on later documents do not automatically prevent summary insolvency proceedings where admitted earlier guarantees independently establish debt and default. Non-enforcement of collateral does not discharge a guarantor without proof of the relevant conditions, such as impairment of security or release of the principal debtor. Case-Laws IBC Fri, 30 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802212