https://www.taxtmi.com/forum/issue?id=111759 Banks moved to enforce security and realise assets after company loan defaults; limited liability restricts shareholder exposure, but creditors can pursue personal assets if promoters gave personal guarantees or where loans are secured, and statutory enforcement under SARFAESI permits taking possession and sale of charged assets. en-us Mon, 10 Apr 2017 22:08:19 +0530 Thu, 23 Jan 2025 15:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111759 Banks moved to enforce security and realise assets after company loan defaults; limited liability restricts shareholder exposure, but creditors can pursue personal assets if promoters gave personal guarantees or where loans are secured, and statutory enforcement under SARFAESI permits taking possession and sale of charged assets. Discussion-Forum Companies Law Mon, 10 Apr 2017 22:08:19 +0530 https://www.taxtmi.com/forum/issue?id=111759