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Real estate insolvency resolution should be project specific, not against entire corporate debtor: Supreme Court

The Court also reaffirmed that speculative investors were ineligible to trigger real estate Corporate Insolvency Resolution Process (CIRP).
Real Estate Mumbai
Real Estate Mumbai
Published on
4 min read

The Supreme Court on Friday held that real estate insolvencies under the Insolvency and Bankruptcy Code (IBC) must, as a rule, proceed on a project-specific basis rather than against the entire corporate debtor, unless circumstances justify otherwise [Mansi Brar Fernandes Vs Shubha Sharma]

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