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Lenders invoke personal guarantees worth Rs 34,000 crore
In April-June quarter of 2021-22, banks invoked personal guarantees worth Rs 8,437 crore of defaulting promoters by taking action against 56 accounts.
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Supreme Court allows banks to proceed against personal guarantors under IBC
SC upheld the validity of the Centre's notification allowing banks to proceed against personal guarantors for recovery of loans given to a company und
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Boost for MSMEs: Government amends insolvency law; introduces pre-packaged resolution process
The latest move comes less than two weeks after the suspension of certain IBC provisions ended
