Guarantor's Conundrum

The Supreme Court recently found itself in possession of the paintbrush that for centuries has been used to paint a series of tales depicting the blow-hot-blow-cold relationship between the creditor, the borrower and the guarantor. Recently, the relationship has been tested to its absolute limit, thanks to a series of grab-cash-and-dash stories that continue to rake in serious views on popular streaming sites.  

Having decided it had spent enough time on the side-lines, the Supreme Court transferred a clutch of petitions from various High Courts to settle for once and all, the cantankerous issues surrounding creditors and guarantors or promoters of companies that have defaulted on loan repayments. Unfortunately, sordid tales of NPAs followed by flights to exotic locations are not the kind of news the already morose Indian investment climate deserves.