Atharv Sankliya 20 January 2023
sahithi reddy 31 January 2023
Crystallization is the conversion of a floating charge to a fixed charge. If the company fails to repay the loan or goes bankrupt, the floating fee crystallises or freezes into a fixed charge.
It usually happens when:
When a borrower fails to make a payment, the lender takes action to reclaim the loan.
At the time of the company's dissolution.
The company either ceases to exist or continues to operate.
The court appoints a receiver.yes it applicable in India
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