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VOL. 9, ISSUE 3 (2023)
Upstream guarantee: An unexplored law
Authors
Dr. Vikram Karuna, Vaibhav Gogra
Abstract
With the increase of corporate liabilities in
the Indian legal regime, the prevalent question of law that intrigues the norms
and provisions of the current regime is whether there are any restrictions on
the subsidiary company to guarantee and pledge collateral to secure an
obligation of its parent company in India.
This question of law deliberates the essence of transaction as if
subsidiaries are allowed to provide guarantees for the parent company, can it
defeat the purpose of guarantee at the first place as is to provide surety of
payment of loans. Thereby, whether upstream guarantee is allowed in India?
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Pages:5-6
How to cite this article:
Dr. Vikram Karuna, Vaibhav Gogra "Upstream guarantee: An unexplored law". International Journal of Law, Vol 9, Issue 3, 2023, Pages 5-6
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