- 5926 Views
- 20 Jul 2021
- shubham budhiraja
- Finance, Articles, High Court, Rules, Banking, Companies Act 2013, Accounts, Updates, Knowledge, Compliance,
Can Banks make the Managing director personally liable for the dues of the company on basis of a cleverly drafted share pledge agreement? Company A took credit facility from the bank and that the MD signed the credit facility agreement in its official capacity. In addition to it, MD pledges its 20,000 shares through share pledge agreement in favor of bank against the credit facility taken b......