Live Help
Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :


Thank you for your details

Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session

Secured creditor granted permission by NCLT to stay out of liquidation process subject to certain conditions

April 24, 2019[2019] 104 408 (NCLT - Mum.)

IBC: Where liquidator filed application seeking directions to financial creditor, SBI if it wanted to opt out of liquidation, SBI was granted permission to opt out of liquidation process, however, a bar was imposed on secured creditors to sell assets of corporate debtor to disqualified persons under section 29A

IBC: Where liquidator filed application praying for direction to financial creditor opting out of liquidation to pay EPF dues of workmen, prayer was to be rejected as EPF dues are not treated as assets covered in liquidation estate

read more
Best view in 1140 x 768