Personal liability of independant directors

poonam verma (Company Secretary) (191 Points)

28 May 2013  

Whether the Independant Directors and Non-executive promoter directors are liable to give personal guarantee/undertaking to the bank while the bank santions loan to the Company. the bank is asking for the same, while the independant directors are not interested, who is right?

Pls reply,

Thanks,

CS Poonam