{"id":306614,"date":"2023-11-06T13:00:26","date_gmt":"2023-11-06T07:30:26","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=306614"},"modified":"2023-11-07T16:36:22","modified_gmt":"2023-11-07T11:06:22","slug":"single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/","title":{"rendered":"Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT"},"content":{"rendered":"
\n

National Company Law Appellate Tribunal:<\/span> In an appeal against the rejection of application under Section 7<\/a> of the Insolvency and Bankruptcy Code, 2016<\/a> (IBC), a Division bench comprising of Ashok Bhushan, J., and Barun Mitra (Technical Member), held that in the light of the law laid down by the Supreme Court in Vishal Chelani<\/span> v. Debashis Nanda<\/span>, 2023 SCC OnLine SC 1324<\/a>, it is established that the status of the party, i.e., the allottee, does not change, and therefore, the Adjudicating Authority correctly concluded that the threshold requirement had not been met by a single allottee to trigger insolvency.<\/p>\n

The instant appeal arose from an order dated 08-08-2023, in which the application filed by the appellant under Section 7<\/a> of the IBC<\/a> has been rejected by the Adjudicating Authority. The Adjudicating Authority based its decision on the judgment of this Appellate Tribunal, arguing that the decree-holder does not change its original character as a Real Estate Allottee. Furthermore, it held that in this case of a single allotment, the threshold requirement under the second proviso to Section 7(1)<\/a> of the IBC<\/a> was not met.<\/p>\n

The appellant challenged the Adjudicating Authority’s order citing Sushil Ansal<\/span> v. Ashok Tripathi<\/span>, 2020 SCC OnLine NCLAT 680<\/a>, where this Tribunal clarified the concept of ‘financial debt’ under Section 5(8)(f)<\/a> of the IBC<\/a>. It was argued that the appellant should be considered a financial creditor due to the commercial effect of the transaction. The respondent cited Vishal Chelani<\/span> (Supra), where the issue in hand is covered.<\/p>\n

The Court noted that Section 238<\/a> of the IBC<\/a> contains a non-obstante clause, giving overriding effect to its provisions, and, therefore, the provisions of the IBC take precedence over RERA. The Court found that the distinction made by the Resolution Professional was artificial and amounted to “hyper-classification,” which contravened Article 14<\/a> of the Constitution of India<\/a>.<\/p>\n

The NCLAT concurred with Vishal Chelani<\/span> (Supra) where the Supreme Court clarified that once an allottee seeks remedies under the RERA Act and opts for a refund of money, they are still considered homebuyers and can seek remedies under RERA. The distinction made between homebuyers who opt for a refund and those who do not is considered inequitable.<\/p>\n

The NCLAT upheld the rejection of the Section 7 application and held that the status of an allottee does not change, and one allottee cannot trigger insolvency proceedings.<\/p>\n

The present appeal was dismissed.<\/p>\n

[Dheeraj Raikhy<\/span> v. Raheja Developers Ltd.<\/span>, 2023 SCC OnLine NCLAT 1404<\/a>, order dated 17-10-2023<\/span>]<\/p>\n\n

Advocates who appeared in this case :<\/p>\n

Mr. Sonal Anand, Ms. Surbhi Singh, Counsel for the Appellant<\/p>\n

Mr. Gaurav Mitra, Ms. Suditi Batra, Mr. Adit Singh, Ms. Manmeet Kaur, Mr. Abhishek Rana, Ms. Gaurangi Khanna, Counsel for the Respondent<\/p>\n

Buy Constitution of India  HERE<\/a><\/h3>\n

\"Constitution<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The underlying claim of an aggrieved party, such as an allottee, is crystallized in the form of a court order or decree, and this does not alter or disturb their status as financial creditors.<\/p>\n","protected":false},"author":67514,"featured_media":293392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,11],"tags":[30361,54324,43410],"class_list":["post-306614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-tribunals_commissions_regulatorybodies","tag-ibc","tag-non-obstante-clause","tag-rera-act"],"yoast_head":"\nSingle Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT | SCC Blog<\/title>\n<meta name=\"description\" content=\"NCLAT held that Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT\" \/>\n<meta property=\"og:description\" content=\"NCLAT held that Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-06T07:30:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-07T11:06:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"886\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ritu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ritu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/\",\"name\":\"Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT | SCC Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp\",\"datePublished\":\"2023-11-06T07:30:26+00:00\",\"dateModified\":\"2023-11-07T11:06:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/392f265bae2f48f0f0d02b8e0e9015b9\"},\"description\":\"NCLAT held that Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp\",\"width\":886,\"height\":590,\"caption\":\"national company law appellate tribunal\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/392f265bae2f48f0f0d02b8e0e9015b9\",\"name\":\"Ritu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c47318594774c1fe55e3e8c85dcd1909276373d9bf11730032fc1a7d05d56a47?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c47318594774c1fe55e3e8c85dcd1909276373d9bf11730032fc1a7d05d56a47?s=96&d=mm&r=g\",\"caption\":\"Ritu\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_7\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT | SCC Blog","description":"NCLAT held that Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/","og_locale":"en_US","og_type":"article","og_title":"Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT","og_description":"NCLAT held that Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC.","og_url":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2023-11-06T07:30:26+00:00","article_modified_time":"2023-11-07T11:06:22+00:00","og_image":[{"width":886,"height":590,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.jpg","type":"image\/jpeg"}],"author":"Ritu","twitter_card":"summary_large_image","twitter_title":"Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT","twitter_misc":{"Written by":"Ritu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/","url":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/","name":"Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT | SCC Blog","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp","datePublished":"2023-11-06T07:30:26+00:00","dateModified":"2023-11-07T11:06:22+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/392f265bae2f48f0f0d02b8e0e9015b9"},"description":"NCLAT held that Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC.","breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp","width":886,"height":590,"caption":"national company law appellate tribunal"},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/06\/single-real-estate-allottee-cannot-trigger-insolvency-proceedings-under-section-7-of-ibc-nclat-scc-blog\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Single Real Estate Allottee cannot trigger Insolvency Proceedings under Section 7 of IBC: NCLAT"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/392f265bae2f48f0f0d02b8e0e9015b9","name":"Ritu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c47318594774c1fe55e3e8c85dcd1909276373d9bf11730032fc1a7d05d56a47?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c47318594774c1fe55e3e8c85dcd1909276373d9bf11730032fc1a7d05d56a47?s=96&d=mm&r=g","caption":"Ritu"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_7\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":240563,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/11\/nclat-s-65-of-ibc-is-not-meant-to-negate-process-under-s-7-or-9-of-ibc-penal-action-under-s-65-can-be-taken-only-when-provision-of-code-has-been-invoked-fraudulently-with-malicious-intent\/","url_meta":{"origin":306614,"position":0},"title":"NCLAT | S. 65 of IBC is not meant to negate process under S. 7 or 9 of IBC; Penal action under S. 65 can be taken only when provision of Code has been invoked fraudulently, with malicious intent","author":"Bhumika Indulia","date":"December 11, 2020","format":false,"excerpt":"National Company Law Appellate Tribunal (NCLAT):\u00a0The Bench of Justice Venugopal M. (Judicial Member) and V.P. Singh (Technical Member) and Shreesha Merla (Technical Member), while addressing the present Company Appeal observed that: No penalty can be saddled either under Section 65(1) or (2) of the Code without recording an opinion that\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":242527,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/01\/21\/upheld-albeit-with-directions-why-was-ibc-amendment-act-2020-challenged-what-prompted-sc-to-invoke-art-142-read-comprehensive-point-wise-analysis-of-the-465-pages-judgment\/","url_meta":{"origin":306614,"position":1},"title":"Upheld, albeit with directions. Why was IBC (Amendment) Act, 2020 challenged? What prompted SC to invoke Art. 142? Read comprehensive point-wise analysis of the 465-pages judgment","author":"Bhumika Indulia","date":"January 21, 2021","format":false,"excerpt":"Supreme Court: The 3-Judge Bench of Rohinton Fali Nariman, Navin Sinha and K.M. Joseph, JJ., in a 465-pages long judgment, upheld the validity of several provisions of the Insolvency and Bankruptcy Code (Amendment) Act, 2020, albeit with directions given in exercise of powers under Article 142 of the Constitution of\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/01\/sc-5-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/01\/sc-5-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/01\/sc-5-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/01\/sc-5-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/01\/sc-5-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":255189,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/06\/does-unsecured-loan-with-no-returns-have-the-effect-of-time-value-of-money-and-be-covered-under-the-commercial-borrowing-under-the-ibc-code\/","url_meta":{"origin":306614,"position":2},"title":"Does Unsecured Loan with No Returns have the Effect of Time Value of Money and be Covered under the Commercial Borrowing under the IBC Code?","author":"Editor","date":"October 6, 2021","format":false,"excerpt":"by Love Kumar Gupta\u2020 and Angad Sandhu\u2020\u2020","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":239104,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/14\/weighing-the-effect-and-need-of-the-minimum-threshold-on-the-home-buyers\/","url_meta":{"origin":306614,"position":3},"title":"Weighing the effect and need of the \u2018minimum threshold\u2019 on the home-buyers","author":"Bhumika Indulia","date":"November 14, 2020","format":false,"excerpt":"by Pareekshit Bishnoi & Parveen Kumar Aggarwal*","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/home-buyer-1-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/home-buyer-1-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/home-buyer-1-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/home-buyer-1-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/home-buyer-1-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":250020,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/20\/homebuyers\/","url_meta":{"origin":306614,"position":4},"title":"Deconstructing the threshold requirements for homebuyers under IBC","author":"Editor","date":"June 20, 2021","format":false,"excerpt":"by Mitali Ingawale\u2020 & Sumit Kulkarni\u2020\u2020","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/MicrosoftTeams-image-13.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/MicrosoftTeams-image-13.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/MicrosoftTeams-image-13.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/MicrosoftTeams-image-13.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/MicrosoftTeams-image-13.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":108681,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/02\/22\/person-interested-in-the-matter-of-determination-of-compensation-under-la-act-does-not-include-post-acquisition-allottee\/","url_meta":{"origin":306614,"position":5},"title":"\u2018Person interested\u2019 in the matter of determination of compensation under LA Act does not include post-acquisition allottee","author":"Prachi Bhardwaj","date":"February 22, 2017","format":false,"excerpt":"Supreme Court: The Bench of A.K. Goel and U.U. Lalit, JJ held that a post-acquisition allottee of land is necessary or proper party or has any locus to be heard in the matter of determination of compensation under the scheme of the Land Acquisition Act, 1894. In the present case,\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/306614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67514"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=306614"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/306614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/293392"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=306614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=306614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=306614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}