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2011 (3) TMI 1460 - HC - Companies LawWhether a money decree passed by a Court of law entitle an unsecured creditor to be treated as a secured creditor - Appellant had advanced a loan to company-in-liquidation for allotment of Non-Convertible Debentures (NCD) – Held that:- merely because appellant is in possession of a decree for recovery, does not mean that appellant becomes a secured creditor. In fact, every decree holder is entitled to seek sale of assets of the defendant, in the event the decree is not satisfied. every sundry/unsecured creditor after obtaining a decree from the Civil Court would have to be treated as a secured creditor-which is untenable in law. no charge in favour of the appellant, the appellant cannot be considered as a secured creditor. appeal being bereft of merits, is dismissed
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