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Home Highlights November 2018 Year 2018 This

Initiation of Corporate Insolvency Resolution Process - sale of ...


Developer's Failure to Refund Assured Returns Triggers Corporate Insolvency Resolution Process for Flat Sales.

November 28, 2018

Case Laws     Insolvency and Bankruptcy     Tri

Initiation of Corporate Insolvency Resolution Process - sale of flats with assured return plan - developer failed to refund the assured - Financial Debt - Though considerable long period has since lapsed even the principal amount disbursed has not been repaid by the respondent corporate debtor - Application admitted.

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