https://www.taxtmi.com/news?id=33008 Petition contends banks have recovered the debt multiple times and requests that banks provide a detailed statement of amounts recovered from the petitioner, the guarantor company, and other certificate debtors under the amended recovery certificate, and that recoveries or asset sales be stayed until a recovery officer certification confirms full settlement. The petition invokes the Companies Act principle that a guarantor has no liability after full repayment and seeks disclosure of assets held but not applied to loan recovery to determine entitlement to revival. en-us Wed, 05 Feb 2025 18:31:03 +0530 Wed, 05 Feb 2025 18:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33008 Petition contends banks have recovered the debt multiple times and requests that banks provide a detailed statement of amounts recovered from the petitioner, the guarantor company, and other certificate debtors under the amended recovery certificate, and that recoveries or asset sales be stayed until a recovery officer certification confirms full settlement. The petition invokes the Companies Act principle that a guarantor has no liability after full repayment and seeks disclosure of assets held but not applied to loan recovery to determine entitlement to revival. News - Wed, 05 Feb 2025 18:31:03 +0530 https://www.taxtmi.com/news?id=33008