https://www.taxtmi.com/highlights?id=54463 Initiation of CIRP - Apart from the fact that there are ‘force majeure’ due to which the ‘Corporate Debtor’ could not complete the project, it is found that the 1st Respondent knocked the doors of the RERA and instead of waiting there, moved application under Section 7 not for Insolvency Resolution to get the Flat/ Apartment or liquidation, but for refund of the amount already paid. - Further after reaching upon the settlement, application rejected - AT en-us Tue, 25 Aug 2020 13:49:31 +0530 Tue, 25 Aug 2020 13:49:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54463 Initiation of CIRP - Apart from the fact that there are ‘force majeure’ due to which the ‘Corporate Debtor’ could not complete the project, it is found that the 1st Respondent knocked the doors of the RERA and instead of waiting there, moved application under Section 7 not for Insolvency Resolution to get the Flat/ Apartment or liquidation, but for refund of the amount already paid. - Further after reaching upon the settlement, application rejected - AT Highlights Insolvency and Bankruptcy Tue, 25 Aug 2020 13:49:31 +0530 https://www.taxtmi.com/highlights?id=54463