The liability of the Corporate Guarantor is terminus with the Principal Borrower, all acknowledgement made by the Principal Borrower are also binding upon the Corporate Guarantor – Anchor Leasing Pvt. Ltd. Vs. Sejal Realty and Infrastructure Ltd. – NCLT Mumbai Bench

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The expression “fundamental policy of Indian law” in Section 34 of Arbitration and Conciliation Act, 1996 cannot be interpreted in wide terms to include violation of any Act or Statute – Oil India Ltd. Vs. Techno Canada Inc. – Delhi High Court

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An amount was paid by the first Respondent on behalf of the Corporate Debtor to the Lender Bank pursuant to the time bound OTS Settlement and further the Agreement to Sell stipulates that the Corporate Debtor shall refund the amount with 24% interest per annum in case of failure on their behalf to execute and register the sale deed, establishes that the debt – Mr. Kolla Koteswara Rao Vs. Dr. S.K. Srihari Raju, S/o S.K.V. Veerabhadra Raju – NCLAT New Delhi

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