Homebuyer

Funding IBC Insolvency & Bankruptcy Code InvestmentHome Buyers Recognition Under the Insolvency and Bankruptcy Code (Second Amendment), 2018

July 7, 2019by Krishna Grandhi and GLC Team

The Insolvency and bankruptcy Code (Amendment) Amendment, 2018 has been brought into force on 6th June 2018, which has been regarded as one of the most prominent and substantive amendment to the code till now. This amendment seeks out to remove the loopholes which ought to reduce the efficiency of the Code and also to...

IBC Insolvency & Bankruptcy CodeWhether Any Creditor Can Be A Termed As A ‘Financial Creditor’ Under the Insolvency and Bankruptcy Code, 2016?

October 18, 2018by Krishna Grandhi and GLC Team

In the case of Nikhil Mehta & Sons (HUF) & Ors. vs. AMR Infrastructure Ltd. [CA(IB)No.543/KB/2017 arising out of CP(IB)/170/KB/2017] the question before NCLAT is whether the appellant in this case who has entered into an MoU with the respondent for assured returns till the delivery of possession of the properties purchased by them comes...