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        Case ID :
        Insolvency and Bankruptcy

        Approval of Resolution Plan - Right of the secured creditor over...

        Resolution Plan Approval Limits Secured Creditors from Enforcing Security Interests During CIRP Under Insolvency and Bankruptcy Code.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Approval of Resolution Plan - Right of the secured creditor over immovable asset of the Corporate Debtor - Unless the prohibition is imposed, all assets of the Corporate Debtor shall not be available for revival and maximisation of the value of the Corporate Debtor, which is principal/primary objective of the I&B Code. Financial Creditor who is part of the CoC is prohibited from enforcing any security interest. A third-party security holder like Appellant is equally bound by the provision of Section 14(1)(c) and cannot claim any enforcement of security interest in the CIRP. - AT
                                Note: It is a system-generated summary and is for quick reference only.
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