Tag Archives: Section – 52 of Insolvency and Bankruptcy Code 2016

Section – 52 of Insolvency and Bankruptcy Code 2016

By | December 11, 2016

Section – 52 of Insolvency and Bankruptcy Code 2016 [ Comes into Force w.e.f 15.12.2016 vide Notification No S.O. 3687(E) Dated 09.12.2016 ] Secured creditor in liquidation proceedings. 52. (1) A secured creditor in the liquidation proceedings may— (a) relinquish its security interest to the liquidation estate and receive proceeds from the sale of assets… Read More »