Supreme Court Hears Appeals on Speculative Investor Status Under IBC; NCLAT Set Aside Section 7 Admissions for Buy-Back Agreement Homebuyers. The Court Examined Whether Allottees with Assured Return Agreements Qualify as Financial Creditors Under Section 7 of Insolvency and Bankruptcy Code, 2016 and Whether Pending Petitions Must Meet 10% Allottee Threshold Introduced by 2019 Ordinance.
1 Jan 1970The Supreme Court of India heard a batch of four civil appeals arising from two orders of the National Company Law Appellate Tribunal (NCLAT) that set...
