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IBC - Highlights / Catch Notes

Home Highlights May 2023 Year 2023 This

Claim of secured creditor - right on the basis of the pledged ...

Case Laws     Insolvency and Bankruptcy

May 8, 2023

Claim of secured creditor - right on the basis of the pledged shares - appellants not having advanced any money to the Corporate Debtor - The appellant no.1 – M/s. Vistra ITCL (India) Limited would be treated as a secured creditor, who would be entitled to all rights and obligations as applicable to a secured creditor in terms of Sections 52 and 53 of the Code, and in accordance with the pledge agreement - SC

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