Any transaction between a party and the Corporate Debtor, for pledge of shares would not fall within the concept of guarantee and indemnity so as to bring it within the meaning of financial debt entitling the party to be treated as financial creditor.National Company Law Appellate Tribunal in case of M/s. Vistara ITCL (India) Ltd. &Ors. Versus Mr. DinkarVenkatasubramanian&Ors.
https://ibbi.gov.in//uploads/order/759f637ce0780d430c7d3f4d2caff3d9.pdf
