Flat buyers under IBC: Creditors or consumers?

When IBC was enacted, policymakers realised that unforeseen challenges are likely to crop up

house, construction, real estate, home, building

Pratik Datta
The Indian bankruptcy regime is developing very fast. There is a risk that the law may soon diverge from the original policy intent. One such example is the recent regulation by IBBI creating a third category of creditors - other than financial or operational creditor. Commentators have suggested that flat buyers would fall under this third category. This comes in the backdrop of recent decisions of NCLT and NCLAT that have left flat buyers jittery about their future once the real estate company enters corporate insolvency resolution process

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 24 2017 | 3:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com