Equality in Insolvency: Secured vs. Unsecured Creditors Must Be Treated Fairly but Not Identically.

Equality in Insolvency: Secured vs. Unsecured Creditors Must Be Treated Fairly but Not Identically. https://www.taxtmi.com/highlights?id=50240 Insolvency resolution process - Secured and unsecured creditors; the equality principle - the equality principle cannot be stretched to treating unequals equally, as that will destroy the very objective of the Code - to resolve stressed assets. Equitable treatment is to be accorded to each creditor depending upon the class to which it belongs: secured or unsecured, financial or operational. en-us Sat, 16 Nov 2019 12:35:50 +0530 Sat, 16 Nov 2019 12:35:50 +0530 TaxTMI RSS Generator Equality in Insolvency: Secured vs. Unsecured Creditors Must Be Treated Fairly but Not Identically. https://www.taxtmi.com/highlights?id=50240 Insolvency resolution process - Secured and unsecured creditors; the equality principle - the equality principle cannot be stretched to treating unequals equally, as that will destroy the very objective of the Code - to resolve stressed assets. Equitable treatment is to be accorded to each creditor depending upon the class to which it belongs: secured or unsecured, financial or operational. Highlights Insolvency and Bankruptcy Sat, 16 Nov 2019 12:35:50 +0530 https://www.taxtmi.com/highlights?id=50240