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IBC - Highlights / Catch Notes

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Constitutional validity of amendments made to the Insolvency and ...


Court Upholds Validity of IBC Amendments: Real Estate Allottees Classified as "Financial Creditors" Under 2016 Code.

August 12, 2019

Case Laws     Insolvency and Bankruptcy     SC

Constitutional validity of amendments made to the Insolvency and Bankruptcy Code, 2016 - allottees of real estate projects deemed to be “financial creditors” - The explanation together with the deeming fiction added by the Amendment Act is only clarificatory of this position in law.

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