Personal Guarantor Liability After Resolution Plans: Analysing Section 7 IBC and the Doctrine of Excluded Rights
Introduction When a company defaults on its loans, a common question arises: what happens to the individuals who guaranteed those loans? In the complex world of corporate finance, a personal guarantee is a promise made by a person, often a director or promoter of the company, to be personally liable for the company’s debt if it fails to pay. Imagine […]
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