Supreme Court · 2023 INSC 913 · Decided 6 October 2023

Vishal Chelani & ORS. v. Debashis Nanda

Court
Supreme Court of India
Citation
2023 INSC 913 · [2023] 13 S.C.R. 1149
Case number
CIVIL APPEAL No. 3806/2023
Decided
6 October 2023
Bench
S. RAVINDRA BHAT, ARAVIND KUMAR (2-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil
Acts & sections cited
IBC Section 5(8)(f), 238

Headnote

HEADNOTES Issue for consideration: The decision of the National Company Law Appellate Tribunal that the home buyer as benefi ciary of a decree by the Uttar Pradesh Real Estate Regulatory Authority, the order of the Resolution Professional proposing that they be treated diff erently from other home challenge. Insolvency and Bankruptcy Code, 2016 - s.5(8)(f) explanation - Financial Creditor - Home buyers allottees in real estate project who secured the decree from the Real Estate Regulatory Authority for a refund of their investment, if could be treated as fi nancial

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