 "Bank NPAs")
Armed with a favourable Supreme Court (SC) judgment, Indian lenders have started invoking personal guarantees (worth Rs 8,437 crore) of defaulting promoters by taking action against 56 accounts in the April-June quarter of 2021-22.
In 201 cases so far, lenders have invoked personal guarantees of Rs 34,000 crore; the total debt default by companies being Rs 37,861 crore. This was soon after lenders invoked personal guarantees of 115 accounts after their companies defaulted on Rs 26,000-crore debt in 2020-21.
According to the information received from insolvency professionals, 201 applications have been filed as of June 30. Of these, 17 applications have been
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