https://www.taxtmi.com/caselaws?id=787660 Regulatory clarification: where a secured creditor has timely elected to realise security and paid its share of costs, the presumption that security becomes part of the liquidation estate does not automatically apply; the liquidator must notify any willing-buyer price to the secured creditor under the liquidation regulations, and the secured creditor is obliged to sell to that buyer if so informed. If no sale to such buyer occurs, the secured creditor may proceed with sale but must comply with payment and deposit obligations under the liquidation rules. The secured creditor need not surrender flats but must provide the liquidator access for relevant purposes. en-us Mon, 16 Feb 2026 00:00:00 +0530 Tue, 10 Mar 2026 08:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787660 Regulatory clarification: where a secured creditor has timely elected to realise security and paid its share of costs, the presumption that security becomes part of the liquidation estate does not automatically apply; the liquidator must notify any willing-buyer price to the secured creditor under the liquidation regulations, and the secured creditor is obliged to sell to that buyer if so informed. If no sale to such buyer occurs, the secured creditor may proceed with sale but must comply with payment and deposit obligations under the liquidation rules. The secured creditor need not surrender flats but must provide the liquidator access for relevant purposes. Case-Laws IBC Mon, 16 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787660