Top headlines: Govt warns cab aggregators, volatility in power stocks

Here are the top business stories on Wednesday

Lenders can invoke personal guarantees in IBC cases, says Supreme Court

The Supreme Court has rejected a plea against a recent ruling by the National Company Law Appellate Tribunal (NCLAT), paving the way for lenders to initiate insolvency proceedings against promoters, directors and chairman who have signed personal guarantees on corporate loans.

This is irrespective of pendency of any proceeding against the corporate debtor under the Insolvency Bankruptcy Code. Read more here

Govt reads out the riot act to cab aggregators amid rise in complaints

With complaints mounting, the government has warned cab aggregators like Ola and