https://www.taxtmi.com/caselaws?id=105408 Preferential distribution under section 11(2)(b) of the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 extends only to liabilities, including interest, that fall due within the notified period; interest arising outside that period is confined to residual recovery under section 11(2)(c). A secured creditor's pre-existing security interest in attached property is not extinguished unless lawfully displaced under section 4, so the creditor may enforce the security against the secured property first. Any shortfall after such recovery may then be pursued, if at all, under section 11(2)(c). en-us Tue, 17 Apr 2001 00:00:00 +0530 Thu, 29 Aug 2013 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105408 Preferential distribution under section 11(2)(b) of the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 extends only to liabilities, including interest, that fall due within the notified period; interest arising outside that period is confined to residual recovery under section 11(2)(c). A secured creditor's pre-existing security interest in attached property is not extinguished unless lawfully displaced under section 4, so the creditor may enforce the security against the secured property first. Any shortfall after such recovery may then be pursued, if at all, under section 11(2)(c). Case-Laws Companies Law Tue, 17 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105408