Appeals, Revision & Quashing Remedies: Homebuyers as Financial Creditors under IBC: The 10% or 100-Allottee Threshold
Collective CIRP initiation threshold against errant real estate developers under the 2020 Amendment. An in-depth analysis of Section 7 Proviso, Insolvency and Bankruptcy Code 2016 considering Manish Kumar v. Union of India (2021) 5 SCC 1. Formulated by Supreme Court & High Court advocates for legal practitioners and corporate counsels.