valid as on 25/12/2024

20.1.61- Companies (Winding Up) Rules, 2020

61. Effect of voting by a secured creditor.- If a secured creditor votes in respect of his whole debt he shall be deemed to have surrendered his security, unless the Tribunal, on an application by such creditor, is satisfied that the omission to value the security was due to inadvertence.


CAIRR PLUS on Google Playsecretarial automation?Subscribe for Updates