Supreme Court · 2019 INSC 889 · Decided 9 August 2019
Pioneer Urban Land and Infrastructure Limited & ANR. v. Union of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 889 · [2019] 10 S.C.R. 381
- Case number
- WRIT PETITION (CIVIL) No. 43/2019
- Decided
- 9 August 2019
- Bench
- R.F. NARIMAN, SANJIV KHANNA, SURYA KANT (3-judge bench)
- Outcome
- Disposed off
- Case type
- Writ / Constitutional
- Acts & sections cited
- Constitution Article 14, 19(1)(g); IBC Section 5(8)(f), 21(6A)(b), 25A, 14
Headnote
Insolvency and Bankruptcy Code, 2016: ss. 5(8)(f), 21(6A)(b) and 25A - Amendments made to the Code vide Amendment Act, which deem allottees of real estate projects to be "financial creditors" so that they may initiate insolvency proceedings u/s. 7 against the and being financial creditors, were entitled to be represented in the Committee of Creditors by authorised representatives - Constitutional validity of amendments made to the Code - Held: Constitutionality of the Amendment Act is upheld - Amendment to the Code does not
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