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

<a href="https://timesofindia.indiatimes.com/india/why-personal-guarantor-recoveries-are-so-tiny-and-why-chandras-was-tinier-still/articleshow/133735442.cms"><img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/133735442.cms" /></a>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