Times of India

Why personal-guarantor recoveries are so tiny — and why Chandra’s was tinier still

Why personal-guarantor recoveries are so tiny — and why Chandra’s was tinier stillWorldPing

Subhash Chandra was offering just 0.03% of the loans for which he was a personal guarantor. But there should be no surprise here.In the history of such settlements in India, guarantors have paid an average 1% of the amount they stood guarantee for…

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