Vishweshwar Sahakari Bank Loses Security Interest Claim

NCLT Mumbai dismisses Vishweshwar Sahakari Bank's application to realize its security interest over corporate debtor's property.
Tribunal rules bank failed to comply with mandatory 30-day timeline under Regulation 21A of IBBI Liquidation Regulations.
Liquidator admitted bank's claim of ₹5.80 crore but rejected security realization due to procedural non-compliance.
Assets subject to security interest now form part of liquidation estate following tribunal's dismissal order.