Anjali Sharma (for Info only, not official)

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Anjali Sharma

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    ...The Supreme Court’s order in the Chitra Sharma v. Union of India case earlier this month has brought attention to the rights of a new group of stakeholders — consumers who have made advances on goods or services that are yet to be delivered. In this case, the petitioners, who are homebuyers, submitted that insolvency proceedings against the real estate developer, Jaypee Infratech, would put on hold their cases in consumer forums, while not providing them any remedy in the insolvency resolution process under the IBC. The Supreme Court has responded by allowing the insolvency proceedings to continue, but with conditions. Among other things, it has asked Jaypee Associates, the parent company of Jaypee Infratech, to deposit ₹2,000 crore with the Court by October 27. ...

    The Hindu on Sept. 17, 2017, 9:40 p.m.