Who gets paid 1st when debt recovery happens or company goes bust; here’s what law says about secured creditors

The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act came into force on September 01, 2016 with an objective to streamline the process of debt recovery.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Cctt4z