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Tag Archive for "proceeding-under-recovery-of-debts" -

CentrikBlogsproceeding under Recovery of Debts

Tag: proceeding under Recovery of Debts

No bar to Initiate Insolvency Proceedings pendency the action under SARFAESI Act or RDBFI Act

Posted by Shriya.mehtaPosted on March 6, 20200 CommentsCategories Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags corporate debtor under IBC, Initiate Insolvency Proceedings pendency, Insolvency Proceedings pendency the action under SARFAESI Act, proceeding under Recovery of Debts, provisions of Moratorium, Recovery of Debts, Recovery proceedings, resolution process of corporate debtor

The pendency of actions under the SARFAESI Act or actions under the RDDBFI Act, 1993 does not create an obstruction for applying Section 7 of Insolvency and Bankruptcy Code 2016, especially given Section 238 of IBC.

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