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Personal Guarantors by avantikaoffice22 is a document available to read on EtoBox.
What is Personal Guarantors about?
The Supreme Court ruled in State Bank Of India v. V. Ramakrishnan that the approval of a resolution plan does not discharge personal guarantors, allowing creditors to pursue them for any shortfall. In Committee of Creditors of Essar Steel India Limited v. Satish Kumar Gupta, the court emphasized that an approved resolution plan is binding on all parties, including guarantors, and confirmed that creditor rights to enforce guarantees remain intact post-approval. The decisions highlight the continued liability
- Author
- avantikaoffice22
- Language
- EN