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IBC: Challenges In Going After Failed Guarantees Of Ambani, Dhoot, Wadhawan...
IBC doesn’t make it easy to go after failed guarantees of promoters such as Ambani, Dhoot, Wadhawan...
15 Jun 2021, 02:12 AM IST
Anil Ambani, Venugopal Dhoot, E Sudhir Reddy, Kapil Wadhawan, and Sanjay Chhabria are among several business promoters that extended personal guarantees to their companies, defaulted and are now facing insolvency resolution proceedings.As of March, 116 such insolvency resolution applications were pending at the National Company Law Tribunal. Many for over a year. Now they could get activated thanks to a Supreme Court judgment.On May ...
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