Just 1.6% realised in insolvency cases against loan guarantors – Times of India

NEW DELHI: Banks and other entities have involved personal bankruptcy provisions in over 1,800 cases against personal guarantors a majority of whom would be ousted promoters of companies which faced action under Insolvency and Bankruptcy Code but realisation of claims has been extremely poor, so far.Claims filed against the personal guarantors topped Rs 1. 5…