Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
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Insolvency and BankruptcyAugust 22, 2019Case LawsAT
Initiation of CIRP - financial creditor or not - Admittedly the appellant, IHFL, has disbursed the amount for consideration of time value of money in favour of borrower, Individual and not to the builder. Therefore, the builder is not the corporate debtor of the appellant and the application u/s 7 of I&B Code is not maintainable.
Initiation of CIRP - financial creditor or not - Admittedly the appellant, IHFL, has disbursed the amount for consideration of time value of money in favour of borrower, Individual and not to the builder. Therefore, the builder is not the corporate debtor of the appellant and the application u/s 7 of I&B Code is not maintainable.
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