Development Rights as Assets under the IBC: NCLAT Clarifies the Primacy of Insolvency Proceedings

The decision of the National Company Law Appellate Tribunal in SGN Universal Construction Company Pvt. Ltd. v. Shailendra Kumar Singh & Ors. presents a layered dispute at the intersection of real estate development arrangements, arbitration proceedings, and insolvency law. A structured understanding of the ruling requires a clear segregation of the factual matrix, the issues that arose […]