HOMEBUYERS AS FINANCIAL CREDITORS

AUTHORED BY: GAURAV PURI (MANAGING PARTNER, GLS LAW OFFICES) The Insolvency and Bankruptcy Code, 2016 (“IBC/Code”) [1] has, since its inception, been surrounded by controversies, clarifications and amendments. One such controversy that arose is whether the home-buyers could be included as financial creditors for the purpose of the code. The home-buyers issue was first raised in the […]