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A Written-Off Debt Is An Asset, Award Holder Can Enforce At The Location Of Asset: Delhi High Court
ausaf ayyub
2 Dec 2023 4:30 PM IST
The Delhi High Court ruled that a written-off debt constitutes a recoverable asset, affirming the award holder's right to enforce the award at the location of the debt/asset. The bench of Justice Prateek Jalan held that a debt written off by the award debtor remains a recoverable asset. This pivotal decision solidifies the award holder's entitlement to initiate enforcement proceedings...
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