Tag: corporate guarantee financial debt

NCLAT Sets Aside Insolvency Proceedings Against Equinox India, Holds Equity Infusion Guarantee Is Not ‘Financial Debt’

Team Law Notify Commissions, Forums & Tribunals May 5, 2026

NCLAT _ National Company Law Appellate Tribunal _ LawNotify

May 4, 2026 : The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings initiated against Equinox India Developments Ltd., formerly known as Indiabulls Real Estate Ltd., holding that the corporate guarantee relied upon by Canara Bank Read more…

Supreme Court: Corporate Guarantees Are Financial Debt Under IBC, SBI Consortium Restored as Financial Creditors

Team Law Notify Supreme Court April 30, 2026

News Citation : 2026 LN (SC) 423 April 28, 2026 : In a significant ruling clarifying the scope of “financial debt” under the Insolvency and Bankruptcy Code, 2016 (IBC), the Supreme Court has held that liabilities arising from corporate guarantees Read more…