Note on Section 13 of SARFAESI Act, 2002 ENFORCEMENT OF SECURITY INTEREST 1. any security interest created in favour of any secured creditor may be enforced, without the intervention of the court or tribunal, by such creditor. 2. When SARFAESI trigger: A. borrower, who is under a liability to a secured creditor B. under a […]
Before the initiation of PPIRP, the Corporate Debtor has to present the base resolution plan to the financial creditors. It could come from promoters if they are eligible under section 29A of the IBC.
