IBC committee has given good suggestion on homebuyers, says PP Chaudhary

He said the panel has given a good suggestion about treating home buyers as financial creditors

Union Minister of state for corporate affairs P P Chaudhary tells Veena Mani and Indivjal Dhasmana that the government has not yet taken a call on an official panel’s recommendation for not extending a moratorium period beyond 270 days for resolution of insolvent companies, once a case is admitted by the National Company Law Tribunal. Edited excerpts:

A panel on reviewing the Insolvency and Bankruptcy Code (IBC) has recommended home buyers to be considered as financial creditors. What is the government’s take on it?

The panel has given a good suggestion about treating home buyers as financial creditors, given the