1. Introduction 

1. INTRODUCTION

On 9 November 2023, a three-judge bench of the Hon’ble Supreme Court comprising of the Hon’ble Chief Justice of India DY Chandrachud, Justice JB Pardiwala and Justice Manoj Misra, while disposing off over 350 writ petitions, in Dilip B. Jiwarajka v. Union of India and Ors. 1 , upheld the constitutional validity of several key provisions [Section 95 to Section 100] of the Insolvency and Bankruptcy Code, 2016 (Code) pertaining to the insolvency resolution process for individuals and partnership firms.

1. INTRODUCTION A liquidation preference right is a preferential right provided to financial investors, generally to secure their equity finance investments. Such a right (in its various forms) is generally provided irrespective of the stage of investment (be it a preliminary seed round of funding, or a growth stage funding round). What may differ is the manner of liquidation preference provided to the right holders.

This dossier (“Dossier”) intends to be a one stop guide to keep

our readers abreast with the significant judgements, orders,

circulars, and directions passed in relation to the Real Estate

(Regulation and Development) Act, 2016 (“the Act”) and the

rules thereunder which are beneficial for all the stakeholders

of this ever-expanding industry. Volume 2 of the Dossier is a

compilation of all the impactful judgments/orders passed in the

first quarter of the year 2022, i.e., from January 2022 to March