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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