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What is 4 Case Study Pegasus Asset Reconstruction about?

The Supreme Court ruled in Pegasus Asset Reconstruction P. Ltd. v. Haryana Concast Ltd. that the SARFAESI Act takes precedence over the Companies Act regarding the sale of secured assets by creditors during liquidation. This decision resolved conflicting views from different High Courts, affirming that the Company Court and liquidator cannot impose restrictions on secured creditors

Author

abhishekmakhija.ft261031

Language

EN