Bar under Sec 14 IBC extends to any action of enforcement of any security interest created by corporate debtor under SARFAESI Act 2002
Last updated: 14 June 2022
Court :
Supreme Court of India
Brief :
Once CIRP initiated any action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 to foreclose, recover or enforce any security interest created by Corporate Debtor will be prohibited.
Citation :
Civil Appeal No. 4750 of 2021
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FCS Deepak Pratap Singh
Published in Corporate Law
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