Search Results for Tag : Secured Creditors

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SC: IBC Overrides Provisions of Electricity Act, 2003(18.07.2023)

Supreme Court while observing that Section 238 of Insolvency and Bankruptcy Code (IBC) override provisions of the Electricity Act, 2003, has held that.....

Tags : Supreme Court, IBC, Electricity Act, Secured Creditors

Bombay HC: Secured Creditors Shall Take Priority Over Government Dues Under SARFAESI Act(05.09.2022)

Bombay High Court has held that the rights of secured creditors to realise secured debts shall have priority over government dues, including revenues,.....

Tags : Bombay High Court, SARFAESI Act, Secured Creditors

SC: Only Expressly Created Statutory Charges can Take Precedence Over Secured Creditors' Claim(05.12.2019)

Supreme Court has reiterated that only expressly created statutory first charges under Central and State laws can take precedence over the claims of s.....

Tags : SC, Secured Creditors

MP HC Issues Guidelines on S.14 Appln Filed by Secured Creditors under SARFAESI Act(27.11.2023)

Madhya Pradesh High Court while observing that inaction of DM/ADM/ CJMs has resulted in secured creditors rushing to High Court, leading to opening of.....

Tags : Madhya Pradesh High Court, SARFAESI Act, Secured Creditors, Section 14, Guidelines

SC: Rehabilitation Scheme Under SICA Binds All Creditors(20.03.2023)

Supreme Court while observing that rehabilitation scheme under Section 18 of the SICA, 1985 shall bind all the creditors including the unsecured credi.....

Tags : Supreme Court, SICA, Unsecured Creditors, Rehabilitation Scheme

SC: No Compulsion for Companies to Give Names of All Secured/Unsecured Creditors in Balance Sheet(24.10.2024)

Supreme Court while dismissing plea of corporate debtor's suspended director against initiation of CIRP, has observed that it is not compulsory for co.....

Tags : Supreme Court, Unsecured Creditors, Balance Sheet, Secured Creditors