https://www.taxtmi.com/caselaws?id=800537 Secured creditors must clearly elect to realise security outside the liquidation estate within the prescribed period. A claim form showing no security details, coupled with a negative response on relinquishment, does not amount to a clear statutory election. Participation and voting in the stakeholders' consultation committee may support the conclusion that security was not validly retained, as non-relinquishing secured creditors cannot participate in that committee. Consideration of a compromise or arrangement does not suspend or extend the election period. Delayed written requests to exclude or deliver secured assets cannot revive the option, and the assets remain part of the liquidation estate. en-us Tue, 06 Oct 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800537 Secured creditors must clearly elect to realise security outside the liquidation estate within the prescribed period. A claim form showing no security details, coupled with a negative response on relinquishment, does not amount to a clear statutory election. Participation and voting in the stakeholders' consultation committee may support the conclusion that security was not validly retained, as non-relinquishing secured creditors cannot participate in that committee. Consideration of a compromise or arrangement does not suspend or extend the election period. Delayed written requests to exclude or deliver secured assets cannot revive the option, and the assets remain part of the liquidation estate. Case-Laws IBC Tue, 06 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800537