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Dissenting secured financial creditor can't claim preference over other secured creditor: NCLAT

February 10, 2020[2020] 113 552 (NCL-AT)

IBC : No interference was called for against order approving resolution plan as same was approved by CoC with 96.95 per cent share of voting in its commercial wisdom, and a 'secured creditor' could not claim preference over other 'secured creditor' at stage of distribution on ground of dissenting or assenting secured financial creditor

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