The ₹22,006 Crore Insolvency Battle: Deconstructing Subhash Chandra’s Personal Guarantee Case Through a Tax and Compliance Lens
The insolvency proceedings against Essel Group Chairman Subhash Chandra have reached the NCLAT. Beyond the ₹22,006 crore haircut, this landmark personal guarantor case carries profound implications for corporate tax write-offs, GST on personal guarantees, and asset recovery dynamics.