17 wrzesień 2021

Director`s Personal Guarantee A Void Agreement

Autor: Anna Pilsniak. Kategorie: Bez kategorii .

Given that the majority of the clauses of the personal guarantee agreement cited above have denied the guarantors the same protection of the laws prescribed by Section 14 of the Constitution, in particular the Indian Contract Act of 1872, this banking practice is unconstitutional and not in accordance with Section 13,2 of the Constitution, as described below. Don`t wait until a relevant bank or creditor can indicate where your personal responsibilities related to a company`s outstanding debt begin and end. . . .

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