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![Priority Claim by Secured Creditors After Relinquishing Security Interest not possible During Distribution of Sale Proceeds of Secured Assets: NCLT [Read Order] Priority Claim by Secured Creditors After Relinquishing Security Interest not possible During Distribution of Sale Proceeds of Secured Assets: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLT-TAXSCAN.jpg)
Priority Claim by Secured Creditors After Relinquishing Security Interest not possible During Distribution of Sale Proceeds of Secured Assets: NCLT [Read Order]
The Cuttack bench of the National Company Law Tribunal (NCLT) dismissed an application filed by the liquidator seeking directions for...