personal guarantee

cs (Querist) 13 November 2009 This query is : Resolved
hi i want advice on following matter:

mr. a is the common director in x pvt. ltd. and y pvt. ltd
x pvt ltd took loan from bank and a and b other director of x give personal gurantee but now x wants to execute an agreement with c and f , other directors of y that they will share liability with him

please advice as which agreement is to be executed and anything important regarding this

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