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Jai Hind Finance (India) Limited, Swaraj Infrastructure Pvt. Ltd., BULMSK Infrastructure Pvt. Ltd. And Bharat Udyog Private Ltd. Versus Kotak Mahindra Bank Ltd.

Secured creditor entitled to prefer a company petition for winding up - whether respondent Kotak Mahindra Bank shall wait till they exhaust their attempts to auction the properties mortgaged with them, recover the amount in question partly or wholly and then decide as to whether to file a company petition for winding up? - Held that - After having a comprehensive view of the provisions and the judgments dealing with this issue, we are of the considered opinion that the secured creditors need not....... + More



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