Secured creditor can file a winding up petition even after obtaining decree from DRT: SC

CL : Secured creditor can file a winding up petition even after such secured creditor has obtained a decree from the Debts Recovery Tribunal ["DRT"] and a recovery certificate based thereon. Since winding up proceeding under the Companies Act, 1956, is not "for recovery of debts" due to banks, the bar contained in Section 18 read with Section 34 of the Recovery of Debts Act would not apply to winding up proceedings under the Companies Act ,1956

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