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Where secured creditors representing not less than 75 in value of the amount outstanding against financial assistance decide to enforce their security under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 any reference pending under the Sick Industrial Companies (Special Provisions) Act 1985 cannot be proceeded with further - SC

Allied Laws - Where secured creditors representing not less than 75% in value of the amount outstanding against financial assistance decide to enforce their security under the Securitisation and Recon .....

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