Page 4 - Insolvency Petition News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Insolvency petition. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Insolvency Petition Today - Breaking & Trending Today

100 homebuyers' nod must for IBC against realtor, says Supreme Court


In a move that will safeguard real estate companies from frivolous litigation, the Supreme Court (SC) has upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC) amendment that requires at least 100 allottees, or 10 per cent of creditors, to invoke an insolvency petition against a company.
A Bench of Justices R F Nariman, Navin Sinha, and K M Joseph said in its 465-page order that insisting on a threshold with regard to these categories of creditors would lead to a halt in indiscriminate litigation which could result in uncontrollable docket explosion as far as the authorities who work with the Code are concerned. ....

Rajiv Chandak , Navin Sinha , Supreme Court , Shardul Amarchand Mangaldas Co , Bankruptcy Code , Justices Rf Nariman , Shardul Amarchand Mangaldas , Home Buyers , Insolvency Petition , Real Estate , Ibc Amendment , ராஜீவ் சண்டக் , நவீன் சீன்ஹா , உச்ச நீதிமன்றம் , ஷார்துள் அமர்சந்த் மங்கல்தாஸ் இணை , திவால்நிலை குறியீடு , நீதிபதிகள் ர்ஃப் நாரிமன் , ஷார்துள் அமர்சந்த் மங்கல்தாஸ் , வீடு வாங்குபவர்கள் , நொடித்துப்போனது மனு , ரியல் எஸ்டேட் , ஐபீஸீ திருத்தம் ,