The Insolvency and Bankruptcy Code sees banks recoup only about 1% of loans backed by personal guarantees, a fact underscored by the recent Subhash Chandra repayment plan.
Posts tagged as “Personal guarantor”
HDFC Bank is weighing an appeal against the NCLT's decision that obliges Essel Group founder Subhash Chandra to pay ₹6.25 crore as a personal guarantor, despite the plan being approved by a majority of creditors.