Banks mention the option of invoking individual guarantee away from venture

Banks mention the option of invoking individual guarantee away from venture Armed with Best Court buy, banks get invoke personal guarantees from tycoons between Venugopal Dhoot to help you Kapil Wadhawan to recover unpaid loans off their delinquent firms, offer said Monday. Predicated on a quote, top personal guarantors possess protected obligations more than Rs step 1.six lakh crore. Among huge labels, previous marketers out of Bhushan Material and you may Stamina Sanjay Singhal along with his spouse Aarti Singhal got equipped private guarantees really worth up to Rs twenty-four,550 crore for taking finance out-of a beneficial consortium out-of lender provided by the Condition Bank out-of India (SBI). […]