https://www.taxtmi.com/caselaws?id=97930 A secured creditor who preserves and enforces his security remains outside the insolvency for the secured portion and is entitled to contractual interest on that secured portion until payment out of the security; by contrast, a secured creditor who realises, relinquishes, or values and proves the security becomes a creditor in insolvency and the unsecured balance ranks with other unsecured creditors, with interest on that balance ceasing as at adjudication except to the extent of any surplus available for distribution. en-us Fri, 29 Sep 1961 00:00:00 +0530 Wed, 18 Jan 2012 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97930 A secured creditor who preserves and enforces his security remains outside the insolvency for the secured portion and is entitled to contractual interest on that secured portion until payment out of the security; by contrast, a secured creditor who realises, relinquishes, or values and proves the security becomes a creditor in insolvency and the unsecured balance ranks with other unsecured creditors, with interest on that balance ceasing as at adjudication except to the extent of any surplus available for distribution. Case-Laws Companies Law Fri, 29 Sep 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97930