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1. Registration of corporate guarantee as charge with the ROC is a grey area
2. In practice, it is not registered as charge with ROC
3. It has been observed in few cases that the SL/TS has provided for filing of corporate guarantee as charge with ROC as a CP/CS
4. Vis-a-vis public at large and prospective lenders/investors, corporate guarantee issued is a contingent liability
5. It will be useful to also read the Supreme Court judgement in IDBI Trusteeship Services Vs. Hubtown case
Hope the above will be of help.