Priority to the first charge holder - Secured Creditor - ...

Insolvency and Bankruptcy

April 8, 2021

Priority to the first charge holder - Secured Creditor - relinquishment of security interest - Sub-classification inter-se the Secured Creditors in the distribution mechanism adopted in a Resolution Plan of the Corporate Debtor - The impugned order holding that the inter-se priorities amongst the Secured Creditors will remain valid and prevail in distribution of assets in liquidation cannot be sustained - AT

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Priority to the first charge holder - Secured Creditor - ...

Insolvency and Bankruptcy

April 8, 2021

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