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Indian Laws - Highlights / Catch Notes

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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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