Challenges in Recovering from Personal Guarantors: Insights from Jidesh Kumar in an article by Businessline.
In light of the recent BusinessLine article titled “Recovery from Personal Guarantors Drags with Just ₹103 Crore Recovery in Last 5 Years,” Jidesh Kumar provided expert commentary on the challenges surrounding recovery from personal guarantors under the Insolvency and Bankruptcy Code (IBC).
Jidesh Kumar observed, “Personal guarantors often use legal tactics to delay proceedings, and in many cases, their assets may be limited or difficult to liquidate.” This insight highlights the complex nature of recovering dues from personal guarantors, which has been a significant concern for creditors seeking to enforce guarantees.
He further added, “Recovery from personal guarantors can be made more efficient by streamlining legal proceedings, improving asset tracking, and enforcing stricter asset-freezing measures.” Jidesh Kumar’s recommendations emphasize the need for systemic improvements to address the current bottlenecks in the recovery process.
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