https://www.taxtmi.com/caselaws?id=802642 Corporate guarantor status may arise where a loan agreement and hypothecation deed, read together, establish an undertaking to discharge the borrower's liability on default. Under section 126 of the Indian Contract Act, 1872, the document's title and the absence of all parties' signatures on one instrument are not decisive. Section 60 of the Insolvency and Bankruptcy Code permits proceedings involving a corporate guarantor before the forum handling the principal borrower's insolvency, notwithstanding the guarantor's registered office elsewhere. Section 7 separately governs insolvency initiation based on the corporate debtor's own financial debt and default; unpaid direct loans and unstayed arbitral awards recording defaults support that independent basis. en-us Fri, 06 Nov 2026 00:00:00 +0530 Fri, 13 Nov 2026 08:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802642 Corporate guarantor status may arise where a loan agreement and hypothecation deed, read together, establish an undertaking to discharge the borrower's liability on default. Under section 126 of the Indian Contract Act, 1872, the document's title and the absence of all parties' signatures on one instrument are not decisive. Section 60 of the Insolvency and Bankruptcy Code permits proceedings involving a corporate guarantor before the forum handling the principal borrower's insolvency, notwithstanding the guarantor's registered office elsewhere. Section 7 separately governs insolvency initiation based on the corporate debtor's own financial debt and default; unpaid direct loans and unstayed arbitral awards recording defaults support that independent basis. Case-Laws IBC Fri, 06 Nov 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802642