Saturday, September 19, 2020

Finance Ministry issues Advisory to PSBs to moot action against Personal Guarantors of Corporate Debtors

The Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 empowering creditors to file insolvency application against personal guarantors to corporate debtors before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016. This was stated by Shri Anurag Singh Thakur, Union Minister […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2H8Qnya

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