Homebuyers Creditor Status

Another reason for buyers weakening their own case is making inflated or unrealistic claims

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

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

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