SC issues notice in Homebuyers' plea against minimum threshold for initiation of insolvency proceedings against developers

SC issues notice in Homebuyers' plea against minimum threshold for initiation of insolvency proceedings against developers

The Supreme Court today issued notice in petitions challenging the constitutional validity of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 insofar as it amends Section 7 of the Insolvency and Bankruptcy Code, 2016 for homebuyers.

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