Insolvency regulator mulls tighter safeguards for personal guarantee insolvency

India's insolvency regulator is considering stricter rules for personal guarantee cases. This move aims to protect guarantors from unfair treatment by creditors, who may have a conflict of interest. The proposed safeguards include preventing related-party creditors from influencing decisions, ensuring independent valuations of assets, and scrutinizing suspicious transactions. This could lead to more transparent and fair outcomes for guarantors, potentially reducing the risk of insolvency and its impact on the economy.

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India's insolvency regulator is proposing new rules to protect personal guarantors. This could lead to more transparency and accountability in the insolvency process.

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