11/12/2019

After enforcement of right under Section 52 by one of the Secured Creditor, no other Secured Creditor can enforce his right subsequently for realization of the amount for the same secured assets, as the excess amount by way of proceeds pursuant to the first enforcement is deposited in the account of the Liquidator – JM Financial Asset Reconstruction Company Ltd Vs. Finquest Financial Solutions Pvt. Ltd. – NCLAT

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After enforcement of right under Section 52 by one of the Secured Creditor, no other Secured Creditor can enforce his right subsequently for realization of the amount for the same secured assets, as the excess amount by way of proceeds pursuant to the first enforcement is deposited in the account of the Liquidator – JM Financial Asset Reconstruction Company Ltd Vs. Finquest Financial Solutions Pvt. Ltd. – NCLAT Read Post »

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