https://www.taxtmi.com/highlights?id=71018 Recovery of outstanding electricity dues - Secured Creditor - Section 78 enacts, that when a company whose property is subject to charge, fails to register it, the charge holder (or the person entitled to the charge over the company’s assets) can seek its registration. Section 3 (31) of the IBC defines “security interest” in the widest terms. In this court’s opinion, the liquidator cannot urge this aspect at this stage, because of the concurrent findings of the NCLT and the NCLAT that PVVNL is a secured creditor. - SC en-us Fri, 21 Jul 2023 08:25:07 +0530 Fri, 21 Jul 2023 08:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71018 Recovery of outstanding electricity dues - Secured Creditor - Section 78 enacts, that when a company whose property is subject to charge, fails to register it, the charge holder (or the person entitled to the charge over the company’s assets) can seek its registration. Section 3 (31) of the IBC defines “security interest” in the widest terms. In this court’s opinion, the liquidator cannot urge this aspect at this stage, because of the concurrent findings of the NCLT and the NCLAT that PVVNL is a secured creditor. - SC Highlights Insolvency and Bankruptcy Fri, 21 Jul 2023 08:25:07 +0530 https://www.taxtmi.com/highlights?id=71018