Government issued Advisory to PSBs to moot action against personal guarantors of corporate debtors https://www.taxtmi.com/news?id=23175 The Rules permit creditors to file insolvency applications against personal guarantors to corporate debtors, and the advisory asks Public Sector Banks to implement monitoring mechanisms and an information technology system to collate data on such guarantors for follow-up and action under the insolvency resolution framework. en-us Mon, 21 Sep 2020 10:12:34 +0530 Mon, 21 Sep 2020 10:12:34 +0530 TaxTMI RSS Generator Government issued Advisory to PSBs to moot action against personal guarantors of corporate debtors https://www.taxtmi.com/news?id=23175 The Rules permit creditors to file insolvency applications against personal guarantors to corporate debtors, and the advisory asks Public Sector Banks to implement monitoring mechanisms and an information technology system to collate data on such guarantors for follow-up and action under the insolvency resolution framework. News - Mon, 21 Sep 2020 10:12:34 +0530 https://www.taxtmi.com/news?id=23175