https://www.taxtmi.com/news?id=32974 The petitioner contends that secured recoveries against the primary debtor and guarantor have exceeded the certified debt and seeks from banks a detailed statement of amounts recovered, identification of original asset owners used in recoveries, and a record of assets still held but not applied to dues, invoking the Companies Act principle that a guarantor has no residual liability once the debt is fully discharged and requiring recovery officer certification before further asset disposals. en-us Wed, 05 Feb 2025 16:31:03 +0530 Wed, 05 Feb 2025 16:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32974 The petitioner contends that secured recoveries against the primary debtor and guarantor have exceeded the certified debt and seeks from banks a detailed statement of amounts recovered, identification of original asset owners used in recoveries, and a record of assets still held but not applied to dues, invoking the Companies Act principle that a guarantor has no residual liability once the debt is fully discharged and requiring recovery officer certification before further asset disposals. News - Wed, 05 Feb 2025 16:31:03 +0530 https://www.taxtmi.com/news?id=32974