RERA being an Aggrieved Person u/s 61 of IBC has Locus Appeal Against CIRP Initiation Order: NCLAT

The NCLAT held that RERA is an Aggrieved Person u/s 61 of IBC and has Locus Appeal Against CIRP Initiation Order.

By Yogitha S. Yogesh - On December 28, 2023 2:03 pm - 2 mins read

RERA Aggrieved Person - IBC has Locus Appeal Against CIRP Initiation Order - NCLAT - TAXSCAN

The National Company Law Appellate Tribunal (‘NCLAT’), New Delhi Bench has held that the Real Estate Regulatory Authority (RERA) being an aggrieved person under section 61 of IBC has locus appeal against the CIRP initiation order. The appellant challenged the order by which the Adjudicating Authority (National Company Law Tribunal), admitted the Section 9 application…

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