Supreme Court Upholds Rejection of Substitution as Secured Creditor: Suzuki Parasrampuria Suitings Pvt. Ltd. vs. The Official Liquidator (2018)

/ Actionable Claim, Companies (Court) Rules, 1959, Companies (Court) Rules, 1959 with Rule 9, Judges, K.M. Joseph, Navin Sinha, Ranjan Gogoi, Secured Creditor, Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, Transfer of Property Act, 1882, Transfer of Property Act, 1882 with Section 130

Supreme Court Upholds Rejection of Substitution as Secured Creditor: Suzuki Parasrampuria Suitings Pvt. Ltd. vs. The Official Liquidator (2018) LEGAL ISSUE: Whether an assignee of debt can be substituted as a secured creditor under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act) if it is not a […]

Supreme Court Upholds Rejection of Substitution as Secured Creditor: Suzuki Parasrampuria Suitings Pvt. Ltd. vs. The Official Liquidator (2018) Read Post »