RERA has locus to file an appeal against order initiating CIRP

Real Estate Regulatory Authority Vs D.B. Corp Limited (NCLAT Delhi) NCLAT Delhi held that RERA (Real Estate Regulatory Authority) being an aggrieved person under section 61 of I&B Code 2016 has a locus to file an Appeal against order initiating Corporate Insolvency Resolution Process (CIRP). Facts- Vide the present appeals, the appellant challenges order by which the Adjudicating Authority (National Company Law Tribunal), Indore Bench, Court No.1 admitted Section 9 application filed by M/s D. B. Corp. Ltd., the Operational Creditor. Notably, appellant is Regulatory Authority constituted u/...