NCLAT: Director’s Resignation Doesn’t Release Personal Guarantor from Continuing Guarantee Liability - 03.11.2025

NCLAT, New Delhi, held that resignation from directorship does not relieve a personal guarantor from liability under a continuing guarantee, which remains enforceable unless it is explicitly revoked, emphasizing that the guarantor’s obligations persist despite stepping down as director.

Tags : Personal Guarantor Liability Resignation

Share :