Payment Under Resolution Plan Does Not Extinguish Liability of Principal Borrower: Supreme Court

In a landmark judgment, the Supreme Court of India has clarified the legal principles surrounding corporate insolvency and the liability of guarantors. The case, BRS Ventures Investments Ltd. v. SREI Infrastructure Finance Ltd. & Anr. (Civil Appeal No. 4565 of 2021), was decided by a bench comprising Justice Abhay S. Oka and Justice Pankaj Mithal.

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