https://www.taxtmi.com/highlights?id=60650 Initiation of CIRP - The petitioner has absolute rights in the mortgaged property and cannot initiate any action under section 7 upon non-payment of dues under the debenture trust deed, the petitioner has agreed to recourse and sell the mortgaged assets and recover the money due - this Bench conclude upon non-payment dues under the debenture trust deed, there is no default and the petitioner has agreed to recourse as envisaged under registered debenture trust deed-cum-mortgage. - Tri en-us Thu, 25 Nov 2021 08:26:37 +0530 Thu, 25 Nov 2021 08:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60650 Initiation of CIRP - The petitioner has absolute rights in the mortgaged property and cannot initiate any action under section 7 upon non-payment of dues under the debenture trust deed, the petitioner has agreed to recourse and sell the mortgaged assets and recover the money due - this Bench conclude upon non-payment dues under the debenture trust deed, there is no default and the petitioner has agreed to recourse as envisaged under registered debenture trust deed-cum-mortgage. - Tri Highlights Insolvency and Bankruptcy Thu, 25 Nov 2021 08:26:37 +0530 https://www.taxtmi.com/highlights?id=60650