https://www.taxtmi.com/caselaws?id=302481 The National Company Law Tribunal Kolkata Bench dismissed the application (IA(IBC)/101(KB)2022), ruling that a secured creditor who relinquishes the charge on secured assets cannot later seek priority payment. The distribution of assets by the Liquidator was upheld without any issues. en-us Fri, 04 Mar 2022 00:00:00 +0530 Sun, 29 May 2022 21:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302481 The National Company Law Tribunal Kolkata Bench dismissed the application (IA(IBC)/101(KB)2022), ruling that a secured creditor who relinquishes the charge on secured assets cannot later seek priority payment. The distribution of assets by the Liquidator was upheld without any issues. Case-Laws Insolvency and Bankruptcy Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302481