Monday, July 12, 2021

Supreme Court verdict: Banks explore option of invoking personal guarantee of promotion

Erstwhile promoter Wadhawan stands guarantee to loans taken by DHFL, which is sitting on debt of about Rs 90,000 crore, while Dhoot has also given personal guarantee to a portion of Rs 22,000 crore loan to Videocon.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/supreme-court-verdict-banks-explore-option-of-invoking-personal-guarantee-of-promotion/articleshow/84349392.cms

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