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Tag Archive for "cirp-application-under-section-7-of-the-ibc-before-the-nclt" -

CentrikBlogsCIRP application under Section 7 of the IBC before the NCLT

Tag: CIRP application under Section 7 of the IBC before the NCLT

SC resorts to Article 142 of the Constitution to cut short IBC technicalities to benefit home-buyers

Posted by Vanshika SharmaPosted on February 4, 2023February 5, 20230 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Insolvency & Bankruptcy Code 2016, Legal Advisory, Registration And Compliance, RERA ConsultingTags CIRP application under Section 7 of the IBC before the NCLT, CIRP proceedings, IBC technicalities to benefit home-buyers, Insolvency and Bankruptcy Code, insolvency proceedings, plea filed against a builder by the homebuyers

The Apex Court used its authority under Article 142 to allow the CIRP proceedings to be withdrawn and to adjudicate all outstanding issues between the parties in the greater interest of the homebuyers.

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