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Secured Creditors In ‘Liquidation’ : Companies Act, 2013 vs IBC vs. SARFAESI Debate yet to start or finished?

October 5, 2018[2018] 98 5 (Article)
When a Corporate Debtor is undergoing Corporate Insolvency Resolution Process (CIRP), the secured creditor is treated equally with all the other creditor unless he is a financial creditor and gets right to be in the committee of creditors.During the moratorium period, secured creditors having security interest cannot enforce it due to bar of ‘Calm Period’ against the assets of the Corporate Debtor technically called ‘Moratorium’.
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