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

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