In a recent legal case, the court provided a crucial clarification regarding the status of creditors. This clarification sheds light on the intricate legal analysis carried out by the court in interpreting the rights and responsibilities of creditors in the given context. Stay tuned to delve deeper into the court’s insights and the implications of this clarification in our upcoming blog post.
Decision
- The appellant has filed an application seeking clarification of the judgment dated 12.09.2023.
- The term ‘unsecured creditor’ in paragraph 20 of the judgment is to be read as ‘secured creditor’.
- The miscellaneous application has been disposed of accordingly.
Also Read: Analysis of Jurisdiction under Section 319 of the CrPC
Case Title: AXIS BANK LIMITED Vs. NAREN SHETH (2024 INSC 105)
Case Number: MA-000190 / 2024
