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[Cites 0, Cited by 0] [Section 214] [Entire Act]

Union of India - Subsection

Section 214(1) in Companies (Court) Rules, 1959

(1)For the purposes of voting at a meeting, in a winding-up by the Court, a secured creditor shall, unless he surrenders his security, state in his proof the particulars of his security, the date when it was given and the value at which he assesses it, and shall be entitled to vote only in respect of the balance due to him, if any, after deducting the value of his security.