Speculative investors cannot be permitted to trigger CIRP

Mansi Brar Fernandes Vs Shubha Sharma And Anr (Supreme Court of India)

Supreme Court held that speculative investors cannot be permitted to trigger CIRP as this would undermine revival, destabilise projects, and prejudice genuine homebuyers. Accordingly, orders, setting aside admission of the Section 7 applications, stand affirmed.

Facts- The present appeal arise out of final judgement and order dated 17.11.2020 passed by the National Company Law Appellate Tribunal. By the first impugned order dated 17.11.2020, the NCLAT reversed the admission of the applica

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