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TMI BlogGovernment issued Advisory to PSBs to moot action against personal guarantors of corporate debtorsX X X X Extracts X X X X X X X X Extracts X X X X ..... Government issued Advisory to PSBs to moot action against personal guarantors of corporate debtors - News and Press Release Dated:- 21-9-2020 - News - The Insolvency and Bankruptcy (Application to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 empowering creditors to file insolvency application against personal guarantors to c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orporate 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 of State for Finance Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rporate Affairs in a written reply to a question in Lok Sabha. In the context of the above, the Department of Financial Services had issued as advisory dated 26.8.2020 to Public Sector Banks that t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hey may consider putting in place a mechanism for monitoring the cases which may require initiation of individual insolvency process before NCLT against personal guarantors to corporate debtors, and t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat they may also consider setting up an information technology system to collate data regarding personal guarantors to corporate debtors for requisite follow-up and consequential action, the Minister ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stated in the written reply. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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