Crappy funds: Sc allows financial institutions to invoke personal guarantees out-of defaulters

Crappy funds: Sc allows financial institutions to invoke personal guarantees out-of defaulters
NCLT approves Haldia Petrochemicals scheme to replace Nagarjuna Oil Corp
The Finest Courtroom with the Saturday kept an authorities alerts out-of 2019 to help you invoke individual claims from marketers whoever companies defaulted to your financial loans.
The fresh court governing allows banking institutions so you’re able to document individual bankruptcies facing ideal Indian promoters whose enterprises was provided for new National Organization Laws Tribunal (NCLT) to own financial obligation resolution. Continue Reading