Rare Asset Reconstruction Company is acquiring SBI's claims from personal guarantees by Nikhil and Bhavesh Gandhi. The guarantees were issued for loans to Reliance Naval and Engineering, operated by Swan Energy-led consortium in partnership with Hazel Mercantile through Hazel Infra. The Supreme Court upheld the IBC provision allowing lenders to recover overdue money from corporate debtors' personal guarantors. Read The Rest at :
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