Section 52 secured creditor

Sir agar creditor realise it's security interest outside the liquidation ka option avail krta h. Assume kr rahe Agr koi asset 10 cr ki or wo creditor ne 12cr ki sale kardi toh jo liquidation cost hogi wo konse value se deduct hogi 10cr ya 12cr .

The liquidator's fees is pre decided by COC. In exams it will be given in question whether the fees will be calculated on assets realized or amount distributed to creditors.

Answer given by Shubhamm Sir at 27-Jan-2023 07:05 PM