https://www.taxtmi.com/highlights?id=68821 Recovery of debt - sick companies - Whether on approval of a scheme by the BIFR under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), an unsecured creditor has the option not to accept the scaled down value of its dues, and to wait till the scheme for rehabilitation of the respondent – sick Company has worked itself out, with an option to recover the debt with interest post such rehabilitation? - Held No - SC en-us Tue, 21 Mar 2023 08:14:25 +0530 Tue, 21 Mar 2023 08:14:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68821 Recovery of debt - sick companies - Whether on approval of a scheme by the BIFR under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), an unsecured creditor has the option not to accept the scaled down value of its dues, and to wait till the scheme for rehabilitation of the respondent – sick Company has worked itself out, with an option to recover the debt with interest post such rehabilitation? - Held No - SC Highlights Indian Laws Tue, 21 Mar 2023 08:14:25 +0530 https://www.taxtmi.com/highlights?id=68821