Why is promoter not a secured creditor vis a vis a lender?
Because, its written in the annual reports man. I am just stating facts. Please read it properly.
seriously u actually thk promoters cant take money out?? all they have to do is siphon it out we r a banana republic whn it comes to minority shareholder protection case in point being LEEL,HDIL,PRABHAT THERE R LIKE A DOZEN MORE OF THEM WHICH I CAN QUOTE THT TOO FROM THIS BULL MARKET.