Sasakawa India Leprosy Foundation filed a writ petition challenging the constitutional validity of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, and Notification No. S.O. 4139(E) dated 18.11.2019. The petitioner, a public charitable trust, had fixed deposit accounts with Dewan Housing Finance Corporation Limited (DHFL). Insolvency proceedings were initiated against DHFL under the IBC, and the petitioner was aggrieved by the initiation of the insolvency process under the Impugned Rules.
The Sasakawa India Leprosy Foundation, a public charitable trust, filed a writ petition challenging the constitutional validity of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, and Notification No. S.O. 4139(E) dated 18.11.2019. Between March 2017 and January 2018, the Petitioner opened four fixed deposit accounts with various branches of Dewan Housing Finance Corporation Limited (DHFL) in Delhi, totaling Rs. 7,56,07,000. These FDs were non-cumulative deposits, under yearly interest schemes, and were to mature only after 03.12.2019. Insolvency proceedings were initiated against DHFL under the IBC. The petitioner is aggrieved by the initiation of the insolvency
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Between March 2017 and January 2018, the…
Between March 2017 and January 2018, the…
Sasakawa India Leprosy Foundation filed a writ petition challenging the constitutional validity of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, and Notification No. S.O. 4139(E) dated 18.11.2019. The petitioner, a public charitable trust, had fixed deposit accounts with Dewan Housing Finance Corporation Limited (DHFL). Insolvency proceedings were initiated against DHFL under the IBC, and the petitioner was aggrieved by the initiation of the insolvency process under the Impugned Rules.
The Sasakawa India Leprosy Foundation, a public charitable trust, filed a writ petition challenging the constitutional validity of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, and Notification No. S.O. 4139(E) dated 18.11.2019. Between March 2017 and January 2018, the Petitioner opened four fixed deposit accounts with various branches of Dewan Housing Finance Corporation Limited (DHFL) in Delhi, totaling Rs. 7,56,07,000. These FDs were non-cumulative deposits, under yearly interest schemes, and were to mature only after 03.12.2019. Insolvency proceedings were initiated against DHFL under the IBC. The petitioner is aggrieved by the initiation of the insolvency
…Between March 2017 and January 2018, the…
Between March 2017 and January 2018, the…