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of <h1>Secured Creditors Must Decide on Security Interest Within 30 Days Under Regulation 21A of IBBI Liquidation Regulations 2016</h1> Regulation 21A of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, outlines the presumption of security interest during liquidation. Secured creditors must inform the liquidator of their decision to either relinquish or realize their security interest within thirty days of the liquidation commencement. Failing to do so results in the assets being presumed part of the liquidation estate. If a creditor chooses to realize their interest, they must pay the liquidator specified amounts within set deadlines. Non-compliance results in the asset becoming part of the liquidation estate. These regulations apply to processes commencing after the 2019 amendment.
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