Upholding Integrity: Supreme Court Validates Insolvency and Bankruptcy Code Amendments
In a groundbreaking verdict on November 9, the Supreme Court affirmed the constitutionality of the amendments introduced in 2019 to the Insolvency and Bankruptcy Code (IBC) concerning Personal Guarantors’ Insolvency Resolution. The court’s decision asserted that Sections 95 to 100 of the IBC,
Distinction among sub-classes of buyers rejected by SC
All homebuyers will have equal rights and claims in the insolvency process of a real estate developer, regardless of whether they have a refund decree. Homebuyers who got a refund decree from RERA have the same rights as other homebuyers in the insolvency
Section 12A Withdrawal of CIRP Application Can Be Maintained Before the Creation of the CoC, ruled Supreme Court
In ruling on an appeal filed in Abhishek Singh v. Huhtamaki Ppl Ltd. & Anr., the Bench of Justices B.R. Gavai and Vikram Nath held that Section 12A of the Insolvency and Bankruptcy Code, 2016 (“IBC”) does not prohibit entertaining requests for the
