Sukrit R. Kapoor Highlights Abuse by Defaulting Personal Guarantors in Insolvency Code Review in an article in Financial Express
![Sukrit R. Kapoor Highlights Abuse by Defaulting Personal Guarantors in Insolvency Code Review in an article in Financial Express](https://ksandk.com/wp-content/uploads/Sukrit-R.-Kapoor-Highlights-Abuse-by-Defaulting-Personal-Guarantors-in-Insolvency-Code-Review-in-an-article-in-Financial-Express-1920x767.jpg)
Sukrit Kapoor, Partner at King Stubb & Kasiva, has brought attention to a critical issue in a recent Financial Express article. Kapoor stated, “The issue of personal guarantors availing undue benefit of interim moratorium to fend off claims and ongoing litigations deserves a closer look. Intentional abuse of the process by defaulting personal guarantors only to delay other recovery proceedings is a serious concern and has been highlighted by many High Courts as well.”
![Sukrit R. Kapoor Highlights Abuse by Defaulting Personal Guarantors in Insolvency Code Review in an article in Financial Express](https://ksandk.com/wp-content/uploads/Sukrit-R.-Kapoor-Highlights-Abuse-by-Defaulting-Personal-Guarantors-in-Insolvency-Code-Review-in-an-article-in-Financial-Express-1920x767.jpg)
This observation underscores the urgent need to review and amend the Insolvency and Bankruptcy Code (IBC) to prevent such exploitation and ensure the integrity of recovery proceedings.
Read more: https://www.financialexpress.com/business/banking-finance-insolvency-draft-may-be-reviewed-3517101/
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