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Jaya - Author on ShareChat
Jaya
530 views • 5 hours ago
SOURCES SAY GOVT SOURCES The insolvency proceeding is against Chandra as personal guarantor not against the principal 0 corporate borrowers The proceeding arose after Chandra provided a personal guarantee fora Vivek Infracon loan from Indiobulls. Following defqult, insolvency proceedings were initioted ogoinst him The reported 99.97% hdircut is not q 99.97% loss on 222,000 cr of bank loans. It reflects the reduction| in claims recoverable from Chandra personally  The approved repayment from Chandra' s personal estateis around86.25 cr The principal borrowers remain separatelyliable 31 RISE @etnowlive Follow us on WI NOW INDIA ETNOW IN
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