FL-0048Fault Lines · Banking · Wanted
Personal Guarantors after a Resolution Plan
Scope
Approval of a plan does not discharge the guarantor, though the principal debt is extinguished.
Authorities to start from
- Lalit Kumar Jain v. Union of India, (2021) 9 SCC 321
- State Bank of India v. V. Ramakrishnan, (2018) 17 SCC 394
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