Rights of secured creditors in relation to repayment plan.

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..... he meetings of the creditors and voting in relation to the repayment plan shall forfeit his right to enforce the security during the period of the repayment plan in accordance with the terms of the repayment plan. (3) Where a secured creditor does not forfeit his right to enforce security, he shall submit an affidavit to the resolution professional at the meeting of the creditors stating- (a .....

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..... ution professional under section 117 or report submitted by the resolution professional under section 118, as the case may be. *********** Notes:- 1. Come into the force w.e.f. 01-12-2019 [F. No. 30/21/2018-Insolvency Section]. S.O. 4126(E) Dated 15-11-2019 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation T .....

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