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Personal Guarantors Judgment – Time For Promoters To Right-Size Insolvency Risk
While executing new guarantees, promoters will hereon ring-fence their interests appropriately, write Mukesh Butani & Pradeep Joy.
03 Jun 2021, 05:52 PM IST
cThe Insolvency and Bankruptcy Code, 2016 has emerged as the most impactful legislation for enforcement actions by creditors against corporate debtors. Its interpretation has not been without controversy – for that you may thank the ingenuity of various stakeholders or lay blame on legal acumen of draftspersons. The phased rollout of the code, timely legislative actions and swift judicial interventions are examples of credible implem...
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