sakshi nagdev ( satna )
16-Sep-2026 12:13 PM
sec 7 of IBC,2016
sir i have a doubt jo explanation hai vo to whole 7 (1) ke liye h na that default includes not only 1 cr of applicant but all FCs but sir ussi m jo sec 12 6A (a) and (b) hai and real estate allottees usme to likha h application shall be from jointly 100 in number and 1/10 of total number of allottees /creditors according to explanation 1 applicant sbka default mila ke 1cr hone pr akele application de skta h but sir fir allottees ke case m to shall likha h waha jointly hi dega n ?ki waha bhi is explanation ke hisab se krenge ?
No, an individual real estate allottee cannot file an application alone or with fewer numbers, even if their individual default amount exceeds ₹1 Crore. Both Conditions Are Mandatory for Real Estate Allottees. one is of default amount and second is the threshold for numbers. Regardless of whether the default amount is ₹1 Crore or ₹50 Crore, the application must be filed jointly by at least 100 allottees or 10% of the total allottees. The Explanation only defines the total default amount (₹1 Crore); it does not override or relax the mandatory numerical threshold ('shall').
Answer given by Shubhamm Sir at 17-Sep-2026 07:31 PM