Pick an option that comes closest to describing the term ‘speculative investor’ coined by courts in respect of the IBC.
In various cases courts have held that the IBC cannot be used as a recovery mechanism by speculative investors for recovery of their returns. Speculative investors tend to seek enforcement of their investment contracts and not protection of their disguised real estate allotments. See, for example, Mansi Brar Fernandes v Shubha Sharma & Ors 2025 INSC 1110.