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IBC Query-Secured Creditor- Query -Extinguishment
07-Oct-2023 (In Consumer Court Law)
Can a security interest of secured creditors be extinguished irrespective of the consent of such creditor ?
The Secured Creditors can go to NCLT and participate in the Insolvency Proceedings.
The security interest cannot be extinguished unilaterally without consent.
Please provide more details for a better opinion.
The protection is guaranteed under law
The security interest cannot be extinguished unilaterally without consent.
Please provide more details for a better opinion.
The protection is guaranteed under law
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Adv. Kunal Sinha
Delhi | 200+ Answers
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