SC comes to homebuyers’ aid, approves their status as financial creditors2 min read 10 Aug 2019, 12:05 AM IST
Supreme Court upholds the amendment to the bankruptcy code that treats homebuyers as financial creditors
The Centre said recognizing homebuyers as creditors was essential since they get duped by developers
New Delhi/Bengaluru: The Supreme Court on Friday upheld the validity of an amendment to the Insolvency and Bankruptcy Code (IBC), giving homebuyers the right to take legal recourse against developers under three key laws.
Select your Category