Searched for
PERSONAL GUARANTORS
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...
- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- Can banks block your mobile in case of loan default? RBI lays down rules for restricting services; Rs 250/hour compensation in this caseIf the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of ...
- NCLT admits insolvency plea against Supreme Housing & HospitalityThe National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm ...
- Lending money to friends or relatives? These 8 hidden financial risks can drain your savings and peace of mind
- Lending money to friends or relatives? Why guaranteeing loans and personal lending can put your finances, credit score, and goals at riskWhen a friend or a relative asks you for a personal loan, always seek time. There is no need to feel pressurised to respond immediately. So...
- He earns Rs 20 LPA, but father wants new house worth Rs 1.6 crore. 30-year-old stuck in loan vs savings dilemma seeks adviceA 30-year-old man earning Rs 20 lakh per year shared his dilemma online after his father planned to buy a Rs 1.6 crore house ahead of retir...
- China steps up Iran diplomacy while seeking smooth summit with TrumpChina is actively working to end the Iran war, balancing its diplomatic efforts with an upcoming summit with U.S. President Donald Trump. B...
- No campus housing? Key renting rules for Indian students in the USIndian students pursuing education in the US on F1, M1, or J1 visas often face challenges securing off-campus housing. Landlords typically ...
- Faster insolvency process proposed with creditor-led resolution frameworkA new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...
- NCLT orders insolvency proceedings against Venugopal Dhoot as personal guarantorInsolvency proceedings have begun against Venugopal Dhoot, former chairman of Videocon. The National Company Law Tribunal directed this act...
- Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
- IBC helps personal guarantors resolve financial stress: MCAThe Insolvency and Bankruptcy Code (IBC) provides opportunities for defaulting firms and personal guarantors to restructure debts. The Mini...
- IBBI seeks to tighten the noose around guarantors of bankrupt firmsThe Insolvency and Bankruptcy Board of India (IBBI) has proposed changes in the resolution plan process to hold guarantors accountable, fol...
- IBBI amends norms related to insolvency resolution process for personal guarantorsIBBI has made amendments to the insolvency resolution process for personal guarantors and voluntary liquidation process. The changes remove...
- SC denial of IBC relief to personal guarantors opens new recovery window for lendersThe latest data from the Insolvency and Bankruptcy Board of India (IBBI) show that a total of 2,289 cases related to personal guarantees in...
- Surge in personal guarantor cases under IBC in FY23In the first three quarters of the ongoing fiscal 2023, National Company Law Tribunals (NCLTs) have admitted 117 such cases against persona...
- Personal guarantor insolvency under IBC from December 1According to the Supreme Court’s recent ruling in the Essar Steel case, overturning an order of the National Company Law Appellate Tribunal...
- No moratorium for personal guarantors: Supreme CourtThe law mandates a moratorium of 180 days against a corporate debtor once insolvency proceedings start.
Load More
