The issue of creditors invoking the personal guarantee of promoters has been settled by the #SupremeCourt. This judgment is a relief for many creditors in #IBC cases.
Watch LawWiser IN A MINUTE powered by Phoenix Legal on Invoking Personal Guarantees of Promoters.
Vasanth Rajasekharan, Partner, Phoenix Legal takes us through the highlights of the judgment passed in Lalit Kumar Jain v. Union of India Transfer Case (Civil) No. 245/2020 and key points to note.
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