https://www.taxtmi.com/caselaws?id=778390 The SC held the applicants to be speculative investors and affirmed that speculative allottees cannot invoke Section 7 as a debt-recovery tool; the admissions of the Section 7 applications were set aside. The Court clarified criteria for identifying speculative investors and preserved their right to pursue other remedies (with no bar of limitation). It also ruled that the Ordinance/Amendment creating filing thresholds applies to the case, and-because one admission had been reserved before promulgation-part of the earlier order was set aside to the extent of Ordinance applicability, without restoring the Section 7 admissions. en-us Fri, 12 Sep 2025 00:00:00 +0530 Tue, 16 Sep 2025 09:02:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778390 The SC held the applicants to be speculative investors and affirmed that speculative allottees cannot invoke Section 7 as a debt-recovery tool; the admissions of the Section 7 applications were set aside. The Court clarified criteria for identifying speculative investors and preserved their right to pursue other remedies (with no bar of limitation). It also ruled that the Ordinance/Amendment creating filing thresholds applies to the case, and-because one admission had been reserved before promulgation-part of the earlier order was set aside to the extent of Ordinance applicability, without restoring the Section 7 admissions. Case-Laws IBC Fri, 12 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778390