IBC | Corporate Guarantee Qualifies As 'Financial Debt' : Supreme Court

The Supreme Court has held that a corporate guarantee furnished by a company to secure another company's borrowing, backed by arrangements such as hypothecation, constitutes a “financial debt” under the Insolvency and Bankruptcy Code, 2016.

'Insolvency Can't Be Debt Recovery Shortcut': Supreme Court Clarifies Limits Under Section 7 IBC

The Supreme Court of India has held that the Insolvency and Bankruptcy Code (IBC) cannot be used as a shortcut to recover money or to pressure someone into making payments. It clarified that insolvency proceedings are not meant to resolve disputes over how