Supreme Court: Brief Service Breaks Do Not Bar Ad Hoc Employees From Regularisation  ||  SC: Arbitral Awards May Be Challenged By Legal Representatives Only U/S 34, Not Via Article 227  ||  SC Stressed Caution in Uniformed Service Appointments and Restored Dismissal of an Unfit Constable  ||  Supreme Court: Higher Qualifications Cannot Replace the Required Minimum Experience Criteria  ||  Delhi High Court: Bank's Guard Post Involves Handling Arms, Strict Background Disclosure is Essential  ||  Delhi High Court: CARA Must Obtain Foreign Clearances Before Issuing NOC For Inter-Country Adoption  ||  Punjab & Haryana HC: Grounds of Arrest Need Not Be Reissued For a Second Arrest in the Same FIR  ||  Chhattisgarh HC: Valid Caste Certificate Required To Prove SC/ST Act Offences; Oral Claim Not Enough  ||  Supreme Court Directs Preventive Detention to Curb Illegal Mining in Chambal Sanctuary  ||  SC: Courts Must Frame Points For Determination and Give Reasoned Judgments in Ex Parte Cases    

NCLT Mumbai: Guarantor's Liability Can’t Exceed the Limit Given in Contract of Guarantee - (01 May 2025)

INSOLVENCY

NCLT Mumbai bench has held that liability of a guarantor cannot exceed the specified limit in the contract of guarantee and the guarantor is bound only to the extent of the capped amount.

Tags : NCLT MUMBAI   GUARANTOR'S LIABILITY   CONTRACT OF GUARANTEE  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved