https://www.taxtmi.com/caselaws?id=790607 Restructuring of credit facilities did not extinguish secured creditor status where the original consortium charge was already registered and the restructuring merely re-packaged the same exposure into different loan heads without altering the underlying security. In liquidation, security interest could also be established through the alternative statutory modes recognised under Regulation 21, including CERSAI or other prescribed records, and proof was not confined to ROC registration alone. The consent decree and DRT order did not create a fresh superior charge in favour of the appellant because they acknowledged existing pari passu and prior charges. The secured classification of the respondent lenders was therefore sustained. en-us Fri, 24 Apr 2026 00:00:00 +0530 Tue, 28 Apr 2026 07:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790607 Restructuring of credit facilities did not extinguish secured creditor status where the original consortium charge was already registered and the restructuring merely re-packaged the same exposure into different loan heads without altering the underlying security. In liquidation, security interest could also be established through the alternative statutory modes recognised under Regulation 21, including CERSAI or other prescribed records, and proof was not confined to ROC registration alone. The consent decree and DRT order did not create a fresh superior charge in favour of the appellant because they acknowledged existing pari passu and prior charges. The secured classification of the respondent lenders was therefore sustained. Case-Laws IBC Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790607