https://www.taxtmi.com/highlights?id=51113 Secured Creditor - As in the present case, all the ‘Secured Creditors’ have claimed right over the same secured asset, which is 91% of the total secured asset and particularly when a suit is pending for declaration, as to which ‘Secured Creditors’ has the first charge, in such a case, it was not open to the Adjudicating Authority to allow the application filed by the 1st Respondent to realise the ‘security interest’ u/s 52 en-us Thu, 09 Jan 2020 10:19:20 +0530 Thu, 09 Jan 2020 10:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51113 Secured Creditor - As in the present case, all the ‘Secured Creditors’ have claimed right over the same secured asset, which is 91% of the total secured asset and particularly when a suit is pending for declaration, as to which ‘Secured Creditors’ has the first charge, in such a case, it was not open to the Adjudicating Authority to allow the application filed by the 1st Respondent to realise the ‘security interest’ u/s 52 Highlights Insolvency and Bankruptcy Thu, 09 Jan 2020 10:19:20 +0530 https://www.taxtmi.com/highlights?id=51113