LAW UPDATE
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Contract Of Guarantee
Essential ingredients of a contract of guarantee under Section 126
Commercial principles of construction governing contracts of guarantee
Distinction between an undertaking to infuse funds and a contract of guarantee
Inapplicability of 'see to it' guarantee concepts to simple fund infusion covenants
Significance of contemporaneous transaction documentation in determining guarantee status
Voluntary payments by promoters not constitutive of a contract of guarantee
Contextual interpretation of pleadings and evidentiary standards for admissions
Approval of a resolution plan extinguishes debt exclusively qua the corporate debtor
Enforceability of explicit clauses reserving creditor rights against third-party security providers
Debt-to-equity conversion and capital reduction do not constitute full satisfaction of unsustainable debt
Extinguishment of subrogation rights of third-party guarantors at nil value under resolution plans