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Discretionary power of the Adjudicating Authority to reject CIRP applications under Section 7(5)(a) of the IBC
The National Company Law Tribunal and the National Company Law Appellate Tribunal has traditionally held that it is mandatory for the Corporate Insolvency Resolution Process(CIRP) to be initiated once the existence of a debt has been established under Section 7(5) of the Insolvency and Bankruptcy Code, 2016. There was no separate interpretation of Section 7(5) … Continue reading Discretionary power of the Adjudicating Authority to reject CIRP applications under Section 7(5)(a) of the IBC
Read more »Effect of Insolvency and Bankruptcy Code Amendment on Home Buyers
Real Estate Sector in India is one of the few sectors that have witnessed exponential growth in the last two decades. It has drawn in huge investments from the people who put in their hard earned life savings to unlock their dream homes. However, the most sought after Investment Avenue has seen a dip in … Continue reading Effect of Insolvency and Bankruptcy Code Amendment on Home Buyers
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