Case Law Analysis
|National Company Law Appellate Tribunal
Guarantor Liability Not Limited by Mortgage Clause | IBC Sec 114 Overrides Later Security Clause in Deed of Guarantee : NCLAT
NCLAT ruled that guarantors remain liable for total debt despite deed clause limiting liability to mortgaged property value, upholding DRT’s crystallised debt and confirming that guarantee provisions override security clauses under IBC Section 114.