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PERSONAL GUARANTORS
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 ...01 Jun, 2026, 06.30 AM IST- 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 ...21 May, 2026, 01.29 PM IST
- 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 ...14 May, 2026, 02.12 PM IST
- 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...11 May, 2026, 12.36 PM IST
- 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...13 Apr, 2026, 07.40 PM IST
- 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...04 Apr, 2026, 06.38 AM IST
- NCLT dismisses Bank of Maharashtra’s plea against personal guarantors of Gopal Krishna Oil Tech IndustriesThe National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra's application to initiate insolvency proceedings against ...06 Sep, 2024, 01.21 AM IST
- 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...22 Jun, 2024, 12.37 AM IST
- 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...20 Jun, 2024, 07.05 AM IST
- Guarantors' plan for Pradip Overseas gets NCLT nodThe ruling is expected to set a precedent for promoters of bankrupt companies who are facing proceedings under the Insolvency and Bankruptc...26 Mar, 2024, 12.41 AM IST
- 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...06 Feb, 2024, 06.39 PM IST
- IBBI allows same resolution professional to handle insolvency of a firm and its personal guarantorThe insolvency watchdog has amended regulations to allow the same insolvency professional to steer the resolution of a stressed firm as wel...04 Feb, 2024, 08.03 PM IST
- 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...13 Nov, 2023, 06.10 AM IST
- 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...22 Feb, 2023, 11.30 PM IST
- 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...20 Nov, 2019, 07.07 AM IST
- No moratorium for personal guarantors: Supreme CourtThe law mandates a moratorium of 180 days against a corporate debtor once insolvency proceedings start.15 Aug, 2018, 10.17 AM IST
- SC to examine if moratorium under IBC extends to personal guarantors as wellThe top court issued notices on a petition filed by the State Bank of India (SBI) against a controversial February 28, 2018, NCLT order.17 Apr, 2018, 07.12 AM IST
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