Legal experts said the judgment now empowers banks to simultaneously proceed against the corporate debtor and the personal guarantors, thereby ensuring that the liability of the personal guarantor for the balance does not get extinguished after approval of a resolution plan for a corporate debtor.
from The Financial Express https://ift.tt/3oPNZyp
Friday, 21 May 2021
Insolvency: Supreme Court says banks can invoke personal guarantee
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