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        Case ID :
        Insolvency and Bankruptcy

        CIRP in process - default to give possession of flats to...

        Supreme Court orders NCLT to expedite CIRP, resolve homebuyers' grievance within six weeks per certified order.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                CIRP in process - default to give possession of flats to homebuyers - grievance raised in this petition is that the application filed for the initiation of corporate insolvency against the first respondent was merely to stall the refund of the amount due to the homebuyers - If the petitioners have any objections to the Resolution Plan, they are to submit them before the Adjudicating Authority. We direct the NCLT to ensure that the application for approval is disposed of expeditiously and preferably within a period of six weeks form the date of receipt of a certified copy of this order. - SC
                                Note: It is a system-generated summary and is for quick reference only.
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