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IBC - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Preferential rights of secured creditors - Handing over the ...

Case Laws     Insolvency and Bankruptcy

August 12, 2019

Preferential rights of secured creditors - Handing over the possession of the mortgaged property - Section 18 of the ‘I&B Code’ will prevail over Section 13(4) of the ‘SARFAESI Act, 2002’ and the ‘Dena Bank’ cannot retain the possession of the property in question of which the ‘Corporate Debtor’ is the owner

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