Provisions of both SICA and SARFAESI Act need to be complied with for abatement of reference to BIFR

CL: For abatement of reference of sick company to BIFR satisfaction by secured creditor of condition under section 13(9) of SARFAESI Act, 2002 cannot automatically be taken as satisfaction of condition prescribed in 3rd proviso to section 15(1) of SICA as both conditions prescribe different threshold