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Tag Archive for "initiation-of-cirp" -

CentrikBlogsInitiation of CIRP

Tag: Initiation of CIRP

Outstanding payments to allottees in Real Estate Projects are Financial Debts

Posted by ajay.shuklaPosted on June 29, 2021August 7, 20210 CommentsCategories Authentic Legal Advice, Business Advisory, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, RERA ConsultingTags CIRP against Jaiprakash Infratech Limited, Compulsory Liquidation required under IBC, Creditors under the IBC, Financial Creditors under the IBC, Homebuyers as Financial Creditors under IBC, Initiation of CIRP, Insolvency and Bankruptcy Code, protect the interests of home buyers

The Supreme Court did not agree to the payment of amounts deposited by the promoter to homebuyers on the grounds that it would be preferential payment to one class of creditors.

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