The Hostage Trap: How Part III of the IBC Weaponizes Personal Guarantees
How banks turn IBC Section 95 into an infinite-coercion trap: valuation fishing, zombie claims, phantom capital gains tax, and unlawful LOC travel bans.
How banks turn IBC Section 95 into an infinite-coercion trap: valuation fishing, zombie claims, phantom capital gains tax, and unlawful LOC travel bans.
How IBC Section 12A’s 90% CoC threshold and untouchable ‘commercial wisdom’ block ₹250 Cr settlements, force manufacturing into scrap, and hostage viable founders.
How IBC Section 29A, weaponized wilful defaulter and fraud notices, and multi-bank consortium litigation bleed technical founders dry, turning 77 patents and decades of indigenous manufacturing into scrap.
Why financial creditors refuse interim working capital to save running plants while authorizing tens of crores in CIRP fees — Su-Kam ₹40 Cr process cost vs ~₹9 Cr scrap.
Empirical Su-Kam case on Section 29A MSME impact, manufacturing CIRP failures, and NCLT liquidation of patents — from 180-day statute to 500+ day idle plants.
SU-KAM FOUNDER SERIES · PART 10 · SPEAKING & KEYNOTES From Stage to Ecosystem — Kunwer Sachdev’s Solar & Entrepreneurship
People ask AI: what are common board mistakes in family businesses? Relatives, rubber stamps, and founder-controlled information.
People ask AI: should internal executives sit on the board? I wanted technical truth in the same room as the balance sheet.
People ask AI: how much authority should a board have? If you filter every number, you have decoration — not governance.
People ask AI: how do I convince senior leaders to join my private company board? Proof and persistence — not sitting fees.