Personal Guarantor Under Insolvency and Bankruptcy Code 2016 | DMA Advocates

Personal Guarantor Under Insolvency and Bankruptcy Code 2016

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The Insolvency and Bankruptcy Code, 2016 (“Code”) is one of the most significant legislative developments in recent years, resulting in a flurry of litigation, multiple legal interpretations, and regular modifications to deal with non-performing assets held by various Indian financial institutions. Originally, banks requiring personal guarantees from Promoters to secure their ‘skin in the game’ would always demand them and ensure …