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Homebuyers Creditor Status

SC upholds IBC amendments, status of homebuyers as financial creditors

The bench said only genuine homebuyers can invoke insolvency proceedings against the builder and asked the Centre to file an affidavit taking the corrective measures

SC upholds IBC amendments, status of homebuyers as financial creditors
Updated On : 08 Jan 2020 | 10:42 PM IST

Moving NCLT against a builder gone bust may not always work for homebuyers

Homebuyers should keep IBC as the last resort; if the delayed project is without encumbrances, they should explore self-development

Moving NCLT against a builder gone bust may not always work for homebuyers
Updated On : 15 Sep 2019 | 11:32 PM IST

Cabinet approves ordinance to give homebuyers creditor status under IBC

Special provisions planned for MSMEs, panel wants CoC to have power to withdraw application for insolvency resolution

Cabinet approves ordinance to give homebuyers creditor status under IBC
Updated On : 24 May 2018 | 11:59 AM IST