In a recent landmark judgment, the Bombay High Court clarified the rights of secured creditors under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) when there is a moratorium on action against the borrower under Section 14 of the Insolvency and Bankruptcy Code (IBC). The division bench
Secured Creditor Can Initiate Proceedings Under the SARFAESI Act Against the Guarantor in Case of Loan Default Even When There Is a Moratorium on Action Against Borrower: Bombay HC
