Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Secured creditor voting for full debt without valuing collateral deemed to surrender security, unless Tribunal finds inadvertence</h1> A secured creditor who votes in respect of the whole debt in creditor meetings is deemed to have surrendered the security. This deeming consequence does not apply if, on the creditor's application, the Tribunal is satisfied that the creditor's failure to value the security was due to inadvertence, in which case the creditor is not treated as having relinquished the security notwithstanding the vote.
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