Why personal-guarantor recoveries are so tiny — and why Chandra’s was tinier still | India News
Subhash Chandra’s proposed repayment of a little over Rs 6 crore against more than Rs 22,000 crore of admitted claims worked out to less than 0.03%.That looks exceptionally small. And it was. But personal-guarantor insolvency cases have produced very low recoveries more generally.Data from the insolvency regulator shows that nearly 5,200 applications have been filed…
