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Winding Up Rules Rule 61
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The Companies (Winding Up) Rules, 2020

Rule 61 Effect of voting by a secured creditor

Chapter
IV · Meetings of Creditors and Contributories
Text as on
14 August 2026
61. Effect of voting by a secured creditor.- If a secured creditor votes in respect of his whole debt he shall be deemed to have surrendered his security, unless the Tribunal, on an application by such creditor, is satisfied that the omission to value the security was due to inadvertence.