Case Law Details
Case Name : Nouveaw Exports Pvt. Ltd. Vs. AAIFR (Bombay High Court)
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All High Courts Bombay High Court
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The third proviso under section 15(1) of the SICA relieves the specified strength of secured creditors from shackle of taking consent of the BIFR and permits them to pursue their remedy under the provisions of Securitisation Act, which have been introduced as a special enactment, to further the cause of financial sector and the financial institutions to which the same is applicable.
CASE LAWS DETAILS
DECIDED BY: HIGH COURT OF BOMBAY, IN THE CASE OF Please become a Premium member. If you are already a Premium member, login here to access the full content.
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