Surana Power Liquidation: NCLAT’s Confusing Logic May Hurt Secured Creditors
Emissions billow from smokestacks at a power plant in India. (Photographer: Kuni Takahashi/Bloomberg)

Surana Power Liquidation: NCLAT’s Confusing Logic May Hurt Secured Creditors

In Surana Power’s liquidation proceedings, the National Company Law Appellate Tribunal has come to the right conclusion but by using a principle that may hurt secured creditors. NCLAT has imported ...
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