Founders of sinking companies dragged to tribunals for ₹1 tn2 min read . Updated: 25 Aug 2022, 04:30 PM IST
- In the April-June period of FY23, 123 cases of personal guarantors ended up in tribunals
NEW DELHI : Shareholders and founders who extend personal guarantees to their companies, giving additional comfort to lenders, are increasingly ending up in bankruptcy tribunals, marking a significant development in India’s bankruptcy resolution push.
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