Supreme Court of India

Uv Asset Reconstruction Company Limited v. Electrosteel Castings Limited

Neutral citation
Reported as [2026] 1 S.C.R. 130
Bench Sanjay Kumar and Alok Aradhe JJ.
Decided 6 January 2026

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

1 Supreme Court bench has cited this judgment.

From the headnote

Issue for Consideration Issue pertains to the interpretation of Clause 2.2 of Deed of Undertaking executed between SREI-original creditor, which subsequently assigned all its rights and interests in favour of the appellant; ESL-borrower; and ECL-erstwhile promoter of ESL and obligor in the Deed of Undertaking; and whether Clause 2.2 constitutes a contract of guarantee within the meaning of s.126 of the Contract Act, 1872 thereby rendering ECL as a guarantor to SREI in respect of financial facilities availed by ESL from SREI. Headnotes† Insolvency and Bankruptcy Code, 2016 – Contract Act, 1872

Where later benches applied it

Of those, 1 referred to

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