About this document

Supreme Court Appeal on Secured Creditor Status by Akshat Bajpai is a document available to read on EtoBox.

1. The appellants had extended a short-term loan of 500 crores to Amtek Auto Limited and its group companies, secured by a pledge of shares held by Amtek in another company. 2. An insolvency resolution process was initiated against Amtek, and the appellants filed a claim as secured creditors, which was rejected. 3. The appellants later filed another application claiming rights over the pledged shares, which was dismissed. On appeal, the NCLAT also dismissed, observing that the appellant

Author

Akshat Bajpai

Language

EN