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    <title>CIRP Can Proceed Despite SARFAESI Actions; Insolvency Code Offers &quot;Remedy in Rem&quot; for Financial Creditors.</title>
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    <description>Initiation of CIRP - the pendency of the SARFAESI proceeding or other dispute does not prevent a financial creditor to trigger the corporate insolvency resolution process because the nature of remedy being sought for under the provisions of the I and B Code is &quot;Remedy in Rem&quot; in respect of the CD.</description>
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      <description>Initiation of CIRP - the pendency of the SARFAESI proceeding or other dispute does not prevent a financial creditor to trigger the corporate insolvency resolution process because the nature of remedy being sought for under the provisions of the I and B Code is &quot;Remedy in Rem&quot; in respect of the CD.</description>
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