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Surge in deepest guarantor cases below IBC

Personal guarantors of loans taken by bankrupt companies are in the dock as lenders are increasingly invoking such guarantees under the Insolvency and Bankruptcy Code (IBC).In the first three quarters of the ongoing fiscal 2023, National Company Law Tribunals (NCLTs) have admitted 117 such cases against personal guarantors…

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2 years ago

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Interior most guarantors of loans taken by bankrupt companies are in the dock as lenders are increasingly extra extra invoking such ensures below the Insolvency and Financial destroy Code (IBC).In the most fundamental three quarters of the continuing fiscal 2023, Nationwide Company Law Tribunals (NCLTs) have confidence admitted 117 such cases against deepest guarantors…
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