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Indian Laws - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Where secured creditors representing not less than 75% in value ...

Case Laws     Indian Laws

February 5, 2016

Where secured creditors representing not less than 75% in value of the amount outstanding against financial assistance decide to enforce their security under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, any reference pending under the Sick Industrial Companies (Special Provisions) Act, 1985 cannot be proceeded with further - SC

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