Explained: What is Supreme Court ruling on creditors invoking personal guarantees? – The Indian Express

Six months after it transferred all the cases related to personal insolvency to itself, the Supreme Court has ruled that creditors can proceed against promoters of defaulting companies to recover debt if such promoters have given personal guarantees to secure funds. The top court has also said that lenders can also proceed against the promoters…

Garuda faces ‘abrupt end’ without major restructuring, halving fleet – Executive Traveller

Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as it seeks to survive the crisis wrought by the pandemic, its president told staff this week. We have to go through a comprehensive restructuring, a total one, President Director Irfan Setiaputra…