Bombay High Court Allows Appeal in Winding Up Petition Over Restructured Debt — Failure to Create Mortgage and Non-Compliance with Restructuring Terms Revives Original Debt. Clause 11 of Restructuring Letter Preserved Creditor's Rights, and Issuance of Bonds Did Not Extinguish Debt Under Companies Act, 1956....
The appeal arose from the dismissal of a winding up petition filed by SBI Global Factors Ltd. against M/s K. Sera Sera Production Ltd. The appellant had granted a reverse factoring facility of Rs. 14 ...




