Rights of secured creditor - It is plain and clear that a ...
Secured creditors cannot use force to seize assets; only CMM or DM can decide u/s 14(2).
July 19, 2016
Case Laws Indian Laws HC
Rights of secured creditor - It is plain and clear that a secured creditor is not authorised to exert force while taking possession and that is left only to the CMM/DM, as the case may be, in the sound exercise of his discretion under sub-section (2) of section 14. - HC
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