Monday, December 2, 2019

First personal insolvency petition filed in Amaravati

Omkaram Venkata Ramana, who had stood personal guarantor to five firms that defaulted on Rs 38.66 crore of bank loans, filed the petition to initiate personal insolvency resolution process, which his counsel said would entitle him to an interim moratorium on all his liabilities.

from Banking/Finance-Industry-Economic Times https://ift.tt/35Uhfco

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