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Latest Articles in Personal Guarantors

Banks Must Come Out With Clear Cut Policies For Settlement Of Personal Guarantees

Bankers seem to have unlimited leverage over borrowers in the case of a default. Banks are lending with covenants that disbursement and draw-down will happen only if all covenants are complied with. Borrowers tend to yield to pressure as they have timelines to meet in the pursuit of financial closure and project completion

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SC Upholds Centre''s Notification Permitting Banks To Proceed Against Personal Guarantors Under IBC

Upholding the validity of the notification, the top court ruled that initiation of an insolvency resolution plan for a company does not absolve corporate guarantees given by individuals from paying up the dues to financial institutions.

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