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Insolvency and BankruptcyJanuary 29, 2020Case LawsTri
Permission to Liquidator to cause sale of assets of the Corporate Debtor - As to relief under section 52 of the Code, when debt is secured, the creditor is always at liberty to proceed u/s 52 of the Code under liquidation. That right cannot be whittled down by the RP by filing an application to enable him to treat it as an asset falling under section 53 of the Code.
Permission to Liquidator to cause sale of assets of the Corporate Debtor - As to relief under section 52 of the Code, when debt is secured, the creditor is always at liberty to proceed u/s 52 of the Code under liquidation. That right cannot be whittled down by the RP by filing an application to enable him to treat it as an asset falling under section 53 of the Code.
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