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Where corporate debtor committed default in repayment, which led lenders of corporate debtor to invoke corporate/personal guarantees and called upon appellant-guarantors to pay outstanding amount however, no payments had been made by appellants towards invocation of guarantee, which could be construed as a ‘financial debt’ owed by corporate debtor and, thus, NCLAT rightly held that it was not open for appellants to file any claim in CIRP of corporate debtor as financial creditor and same was to be upheld – Skil Infrastructure Ltd. v. Sudip Bhattacharya – [2024] 161 474 (SC)



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