Filing claims after the lapse of due date

Real estate (regulation & development) act, 2016 (RERA) came as a sigh of relief for the homebuyers (Financial creditors), providing them with adequate relief unlike available conventional remedies under civil and consumer laws

INSOLVENCY PROCESS STARTS AGAINST ROHTAS PROJECTS

This article is all about the insolvency process which has been initiated which may include filing of claims, acceptance of claims, making of the committee of creditors and resolution plan

Consumer court, RERA or NCLT: can a home buyer approach all these forums simultaneously?

judgments passed by the High Court, the Supreme Court and even the authorities under RERA/ CPA and IBC, it seems the home buyers have multiple forums to their rescue and it depends on them as to under what procure and act or code they wish to proceed.

Invocation of guarantee during Moratorium

As per section 14 of the IBC 2016 and in the above judgments it has been determined that during the moratorium period the invocation of guarantee against the ‘Company under Insolvency Proceedings/ CIRP’ is not only contrary to provision of the IBC 2016 but is also directly against the interest of the company and its stakeholders.