The Supreme Court of India, in China Development Bank v Doha Bank QPSC & Ors, held that the corporate debtor’s undertaking to discharge the liabilities of third parties under a deed of hypothecation constitutes a guarantee under the Indian Contract Act, 1872, and hence it can become a financial debt within the meaning of the Insolvency and Bankruptcy Code, 2016. Read more: https://iblj.law.asia/h1r