Liabilities of guarantor in case of winding up

 In case of debts the guarantee clause can be invoked to the amount of guarantee given .. in case the guarantor refuses to pay the amount as per guarantee, then appropriate legal procedures can be invoked against the guarantor .. however it will totally depend upon the kind of guarantee given and cases in which guarantee given ... normally guaranntees are not given in case of winding up of the companies due to fraudently activities of the directors themselves.. Will require to examine the gusrantee bond before any final opinion can be given on your query .. for furthur help you may write @ seawoods@consultant.com