Corporate Insolvency Resolution Process should be revived and Council of Creditors reconstituted as per the amended provisions to include the home buyers.
Promoters are directed to release interest from 7.7.2016 @ 10.05% p.a. The Promoter is at liberty to appropriate / adjust the interest if certain recoverable are due by the allottees
Pioneer Urban Land and Infrastructure Limited & Anr. Vs Union of India & Ors. Writ Petition (Civil) No. 43 OF 2019
Legislature must be given free play in the joints when it comes to economic legislation. Apart from the presumption of constitutionality which arises in such cases, the legislative judgment in economic choices must be given a certain degree of deference by the courts.