Uv Asset Reconstruction Company ... vs Electrosteel Castings Limited
Practice Areas
Judges (2)
Case Significance
Uv Asset Reconstruction Company ... vs Electrosteel Castings Limited is a Supreme Court of India decision dated January 6, 2026 (citation: insc-2026-14). The appeal concerned whether a Deed of Undertaking constituted a contract of guarantee under Section 126 of the Indian Contract Act. The Supreme Court dismissed the appeal, holding that approval of the Resolution Plan does not extinguish debt so as to bar claims against a security provider. The bench comprised Justices Alok Aradhe and Sanjay Kumar. The judgment was delivered by Justice Alok Aradhe.
This case has been cited by 1 subsequent judgment. The judgment references 9 case citations.
Summary
The appeal concerned whether a Deed of Undertaking constituted a contract of guarantee under Section 126 of the Indian Contract Act. The Supreme Court dismissed the appeal, holding that approval of the Resolution Plan does not extinguish debt so as to bar claims against a security provider.
What was the outcome of Uv Asset Reconstruction Company ... vs Electrosteel Castings Limited?
The appeal concerned whether a Deed of Undertaking constituted a contract of guarantee under Section 126 of the Indian Contract Act. The Supreme Court dismissed the appeal, holding that approval of th...
Statutes Cited
Cases Cited (9)
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (insc-2026-14)