https://www.taxtmi.com/news?id=74550 Personal insolvency proceedings concerning personal guarantees distinguish a guarantor's liability from the underlying borrowing entities' debts. Claims against the guarantor arise from guarantees furnished for loans obtained by Essel Group-associated entities, while the borrowers' repayment obligations remain enforceable and creditors may pursue corporate assets and securities. Dissenting lenders have challenged the resolution-plan voting process, alleging that family-linked associates or related parties should have been excluded from committee of creditors voting. en-us Mon, 31 Aug 2026 17:46:03 +0530 Mon, 31 Aug 2026 17:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74550 Personal insolvency proceedings concerning personal guarantees distinguish a guarantor's liability from the underlying borrowing entities' debts. Claims against the guarantor arise from guarantees furnished for loans obtained by Essel Group-associated entities, while the borrowers' repayment obligations remain enforceable and creditors may pursue corporate assets and securities. Dissenting lenders have challenged the resolution-plan voting process, alleging that family-linked associates or related parties should have been excluded from committee of creditors voting. News - Mon, 31 Aug 2026 17:46:03 +0530 https://www.taxtmi.com/news?id=74550