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Struggling with debt? Here is how individual insolvency works in IndiaThe pandemic has made several people prone to debt traps with revolving credit card bills and easy personal loans taken from fintech compan...
Can the bank take your assets if you have defaulted on a personal loan?Lenders typically get serious with regards to recovery when there is a prolonged delay in repayment of the loan. While there is no immediat...
NCLAT sets aside insolvency proceedings against Ansal Properties and InfrastructureThe appellate tribunal set aside the orders of the Delhi bench of the National Company Law Tribunal (NCLT), which had on March 17 directed ...
Banks scuttle Suzlon plan to pay unsecured bondholders abroadThe overseas investors had hoped that Suzlon would be bailed out by Indian banks who had earlier thrown a lifeline for the company to pay o...
- 'Guarantor as liable as debt defaulter'
For the apex court has ruled that the principal debtor and the guarantor or surety are both equally liable to be proceeded against for reco...