Secured Creditor Bound to Contribute Towards Workmen’s Dues | REEDLAW

top of page

India's Premier Portal for
Insolvency, Debt Recovery and Banking Lawyers

Search

Secured Creditor Bound to Contribute Towards Workmen’s Dues Under SARFAESI Act; No Liability for Liquidation Costs Under IBC

Secured Creditor Bound to Contribute Towards Workmen’s Dues Under SARFAESI Act; No Liability for Liquidation Costs Under IBC

Secured Creditor Bound to Contribute Towards Workmen’s Dues Under SARFAESI Act; No Liability for Liquidation Costs Under IBC

NCLAT held that a secured creditor who realises its security interest under the SARFAESI Act is bound to contribute proportionately...

Jul 143 min read

bottom of page