CIRP - GNIDA is Secured Creditor or not - The NCLAT affirmed the ...

Secured Creditor Status Upheld in Insolvency Case, Respondent's Charge Validated Under UP Industrial Area Development Act.

April 12, 2024

Case Laws Insolvency and Bankruptcy AT

CIRP - GNIDA is Secured Creditor or not - The NCLAT affirmed the validity of the charge claimed by the respondent under Section 13-A of the Uttar Pradesh Industrial Area Development Act, 1976. - The appellate tribunal upheld the respondent's status as a secured creditor, citing recent Supreme Court precedent. It affirmed the validity of the charge under Section 13-A of the Uttar Pradesh Industrial Area Development Act, 1976, and concluded that the respondent's classification as a secured creditor did not warrant interference.

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CIRP - GNIDA is Secured Creditor or not - The NCLAT affirmed the ...

Secured Creditor Status Upheld in Insolvency Case, Respondent's Charge Validated Under UP Industrial Area Development Act.

April 12, 2024

Case Laws Insolvency and Bankruptcy AT

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