Liability of Personal Guarantors Under the Insolvency and Bankruptcy Code, 2016
Liability of Personal Guarantors Under the Insolvency and Bankruptcy Code, 2016. A practical guide to Sections 95 & 96 of IBC, 2016 for promoters, directors, HNIs and creditors Introduction Almost every substantial business loan in India carries a hidden second signature. Behind the company’s stamp sits a promoter or director…