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vs Union of India Facts Numerous writ petitions have been filed before the SC challenging the constitutionality of the amendment of 2018. This amendment made deem allottees of a realestate project to be financial creditors, enabling them to trigger CIRP against the realestate developers under Section 7 of the Code.
This article discusses the scope and growth of litigation finance in India. Legal Evolution of Third Party Litigation Funding in India. The concept of TPLF is not novel but is gaining momentum in India triggered by the COVID-19 pandemic due to considerable obliteration of business and resources alike. Sanjita Mittal.
The events giving rise to the dispute now before the court began in 2005, when Charles and Kathleen Moore invested $40,000 in KisanKraft, an Indian corporation that supplies small farmers in India with modern tools. But lawyers on both sides of the case contend that the broader stakes in the case could be even higher. shareholders.
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