Case Law Analysis
|National Company Law Appellate Tribunal
Section 52 IBC | Secured Creditors Must Strictly Comply with Regulation 21A Within 90 Days or Lose Security Rights : NCLAT
NCLAT rules that secured creditors forfeit their right to realize security under Section 52 of the IBC if they fail to adhere to the 90-day timeline prescribed in Regulation 21A of IBBI Liquidation Regulations. The assets automatically vest in the liquidation estate upon non-compliance, impacting creditors' recovery strategies in insolvency proceedings.