Home buyers can start bankruptcy cases against errant builders

The Supreme Court has upheld the amendments made to the Insolvency and Bankruptcy Code(IBC) that classified homebuyers as financial creditors. The verdict came on a petition filed by builders who had challenged the IBC amendment citing that it would result in duplication as the homebuyers have already been given protection under Real Estate Regulation and… Continue reading Home buyers can start bankruptcy cases against errant builders

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