https://www.taxtmi.com/caselaws?id=794047 Subrogation in winding-up distribution extends only to the extent of proved payment by the surety, so a claimant cannot be treated as a secured creditor for the entire debt without reliable proof of full discharge. By contrast, an assignee of debt acquires the creditor's rights under assignment and is not confined to the nominal value of the hypothecated security where the debt claim has been duly recognised. The discussion therefore distinguishes limited subrogation rights from the broader rights of an assignee, and supports fresh verification and disbursement directions on that basis. en-us Fri, 19 Jun 2026 00:00:00 +0530 Mon, 29 Jun 2026 09:28:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794047 Subrogation in winding-up distribution extends only to the extent of proved payment by the surety, so a claimant cannot be treated as a secured creditor for the entire debt without reliable proof of full discharge. By contrast, an assignee of debt acquires the creditor's rights under assignment and is not confined to the nominal value of the hypothecated security where the debt claim has been duly recognised. The discussion therefore distinguishes limited subrogation rights from the broader rights of an assignee, and supports fresh verification and disbursement directions on that basis. Case-Laws Companies Law Fri, 19 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794047